Birch Hill Investment Advisors LLC held its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,544 shares of the insurance provider’s stock at the end of the second quarter. Birch Hill Investment Advisors LLC’s holdings in Arch Capital Group were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of Arch Capital Group by 75.5% during the 1st quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 471 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter worth $112,000. Vantage Investment Advisors LLC increased its stake in shares of Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,167 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Arch Capital Group by 26.5% during the 1st quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 281 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Arch Capital Group by 13.1% during the 1st quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock worth $130,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 76.91% of the company’s stock.

Several brokerages have recently commented on ACGL. Buckingham Research began coverage on shares of Arch Capital Group in a research note on Monday, September 11th. They set a “buy” rating and a $106.00 price target on the stock. Keefe, Bruyette & Woods set a $100.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.63.

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Arch Capital Group Ltd. (NASDAQ:ACGL) traded up 0.10% on Monday, reaching $96.51. 62,863 shares of the company were exchanged. The firm has a market capitalization of $12.98 billion, a PE ratio of 17.55 and a beta of 0.67. The stock has a 50 day moving average of $96.61 and a 200 day moving average of $95.60. Arch Capital Group Ltd. has a 12-month low of $76.47 and a 12-month high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post $5.28 EPS for the current year.

In other Arch Capital Group news, SVP W Preston Hutchings sold 12,500 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total value of $1,210,125.00. Following the transaction, the senior vice president now directly owns 39,411 shares in the company, valued at $3,815,378.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Papadopoulo sold 80,694 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $93.80, for a total transaction of $7,569,097.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,579 shares of company stock worth $18,756,983. 6.60% of the stock is owned by corporate insiders.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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