Sei Investments Co. Boosts Stake in Arch Capital Group

Sei Investments Co. has significantly increased its investment in Arch Capital Group Ltd. (NASDAQ:ACGL) by 41.0% during the fourth quarter, as detailed in their recent Form 13F filing with the Securities and Exchange Commission. Following this purchase, Sei Investments now holds a total of 1,429,505 shares of the insurance company, after acquiring an additional 415,815 shares in the quarter. As of the latest SEC filing, these shares are valued at approximately $132,014,000, representing about 0.38% of Arch Capital's total shareholding.

Additionally, several other large institutional investors and hedge funds have also adjusted their positions in Arch Capital. For instance, Madison Investment Advisors LLC established a new stake in the company worth around $410,010,000 during the fourth quarter. Meanwhile, UBS Asset Management Americas LLC raised its stake by an impressive 245.1% in the third quarter, acquiring 2,168,897 shares, leading to a total of 3,053,739 shares valued at $341,652,000. Swedbank AB also increased its holdings by 268.8% in the fourth quarter, owning 1,261,957 shares now worth $116,542,000 after adding 919,793 shares to its portfolio.

Moreover, Egerton Capital UK LLP raised its stake in Arch Capital by 25.8% during the same quarter, with a total of 3,987,972 shares valued at $368,289,000. Principal Financial Group Inc. increased its investment by 10.5%, now holding 8,222,244 shares valued at $759,324,000. As a whole, institutional investors and hedge funds collectively own 89.07% of Arch Capital Group's stock.

Insider Transactions at Arch Capital Group

In a related development, insider Louis T. Petrillo sold 11,600 shares of Arch Capital on March 5. The shares were sold at an average price of $91.00, totaling $1,055,600. Following this transaction, Petrillo's remaining stake in the company stands at 140,023 shares, currently valued at $12,742,093, marking a 7.65% decrease in ownership. This transaction has been reported in filings with the Securities and Exchange Commission, which can be accessed on their website. Insiders currently hold about 4.20% of the company's stock.

Recent Analyst Ratings for Arch Capital Group

Numerous brokerage firms have recently provided updates regarding Arch Capital Group's stock performance. Morgan Stanley lowered its price target from $115.00 to $110.00, maintaining an "overweight" rating. Meanwhile, Wells Fargo reduced its target slightly from $107.00 to $106.00, also retaining an "overweight" rating. UBS Group adjusted its target down from $131.00 to $127.00 while keeping a "buy" rating in place. Royal Bank of Canada decreased its price target from $125.00 to $110.00 and maintained an "outperform" rating. Lastly, Barclays reduced its price target from $120.00 to $100.00, marking an "equal weight" rating. Currently, six analysts have issued a hold rating while eleven have rated the stock as a buy, leading to a consensus rating of "Moderate Buy" and an average price target of $117.19.

Market Performance of Arch Capital Group

As of Friday, shares of NASDAQ:ACGL opened at $91.98. The company displays a quick ratio of 0.58, a current ratio of 0.54, and has a debt-to-equity ratio of 0.15. The stock has a market cap of $34.53 billion, a P/E ratio of 8.21, and a PEG ratio of 2.31. Over the past year, Arch Capital Group's stock hit a low of $87.42 and a high of $116.47.

On February 10, Arch Capital Group announced its earnings results, reporting earnings per share (EPS) of $2.26 for the quarter, surpassing analyst expectations of $1.90 by $0.36. The company had a return on equity of 17.96% and a net margin of 24.73%. In the same quarter last year, the EPS was $2.45, and analysts predict an EPS of 8.42 for the current year.

Company Overview of Arch Capital Group

Arch Capital Group Ltd., along with its subsidiaries, provides a range of insurance, reinsurance, and mortgage insurance products globally. The company's insurance segment delivers various coverages including primary and excess casualty insurance, loss-sensitive primary casualty coverage, liability insurance for directors and officers, errors and omissions liability, employment practices liability, and more. They also cater to professional indemnity, medical liability, and workers' compensation needs, along with offerings in commercial automobile and inland marine insurance.

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