Janus Henderson Group PLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5,723.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,074,932 shares of the insurance provider’s stock after acquiring an additional 1,056,473 shares during the period. Janus Henderson Group PLC owned approximately 0.80% of Arch Capital Group worth $100,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in 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 valued at $104,000 after acquiring an additional 471 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Arch Capital Group during the second quarter valued at $112,000. Vantage Investment Advisors LLC increased its position in 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 valued at $117,000 after acquiring an additional 1,167 shares during the last quarter. Parallel Advisors LLC increased its position in Arch Capital Group by 0.4% during the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 6 shares during the last quarter. Finally, Crow Point Partners LLC bought a new position in Arch Capital Group during the second quarter valued at $174,000. Institutional investors and hedge funds own 76.91% of the company’s stock.

Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at 99.15 on Wednesday. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.03 and a beta of 0.66. The stock’s 50 day moving average is $97.45 and its 200-day moving average is $96.11. Arch Capital Group Ltd. has a 52 week low of $76.47 and a 52 week high of $100.91.

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

In related news, SVP W Preston Hutchings sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the completion of the sale, the senior vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $3,815,378.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Rippert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $94.25, for a total value of $329,875.00. 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 over the last three months. Corporate insiders own 6.60% of the company’s stock.

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A number of research firms have weighed in on ACGL. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $100.00 price objective on shares of Arch Capital Group in a research report on Thursday, September 21st. UBS AG cut their price objective on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, September 19th. 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 target price for the company. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $98.13.

Arch Capital Group Company Profile

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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