BlueCrest Capital Management Ltd purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,081 shares of the insurance provider’s stock, valued at approximately $4,952,000.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of Arch Capital Group by 75.5% during the first 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 purchased a new stake in shares of Arch Capital Group during the second quarter worth approximately $112,000. Vantage Investment Advisors LLC raised its stake in shares of Arch Capital Group by 1,372.9% during the second 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. Parallel Advisors LLC raised its stake in shares of Arch Capital Group by 13.1% during the first 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. Finally, Crow Point Partners LLC purchased a new stake in shares of Arch Capital Group during the second quarter worth approximately $174,000. Institutional investors and hedge funds own 76.91% of the company’s stock.

ACGL has been the subject of several analyst reports. Buckingham Research initiated coverage on Arch Capital Group in a research note on Monday, September 11th. They set a “buy” rating and a $106.00 price target for the company. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $95.00 price target on shares of Arch Capital Group in a research note on Tuesday, July 4th. UBS AG cut their price target on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, September 19th. Finally, Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $98.13.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the completion of the transaction, the chief executive officer now owns 171,901 shares in the company, valued at approximately $16,825,669.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 38,918 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.23, for a total value of $3,783,997.14. Following the transaction, the chief executive officer now owns 182,035 shares of the company’s stock, valued at approximately $17,699,263.05. The disclosure for this sale can be found here. Insiders have sold a total of 195,579 shares of company stock valued at $18,756,983 in the last quarter. 6.60% of the stock is currently owned by insiders.

Arch Capital Group Ltd. (NASDAQ ACGL) traded down 0.36% on Friday, reaching $99.94. The company’s stock had a trading volume of 490,463 shares. The firm has a 50-day moving average price of $97.28 and a 200 day moving average price of $95.99. Arch Capital Group Ltd. has a 52-week low of $76.47 and a 52-week high of $100.91. The firm has a market capitalization of $13.44 billion, a P/E ratio of 18.18 and a beta of 0.66.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Equities analysts anticipate that Arch Capital Group Ltd. will post $4.66 earnings per share for the current fiscal year.

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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.

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

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