Arch Capital Group Ltd. (ACGL) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 147.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,707 shares of the insurance provider’s stock after purchasing an additional 301,559 shares during the period. Aperio Group LLC’s holdings in Arch Capital Group were worth $13,407,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ACGL. Millennium Management LLC purchased a new position in Arch Capital Group in the fourth quarter worth $2,823,000. Global X Management Co. LLC boosted its position in Arch Capital Group by 105.9% in the first quarter. Global X Management Co. LLC now owns 17,171 shares of the insurance provider’s stock worth $1,470,000 after purchasing an additional 8,830 shares during the last quarter. Wells Fargo & Company MN boosted its position in Arch Capital Group by 13.4% in the first quarter. Wells Fargo & Company MN now owns 3,228,015 shares of the insurance provider’s stock worth $276,285,000 after purchasing an additional 380,299 shares during the last quarter. Dupont Capital Management Corp boosted its position in Arch Capital Group by 33.3% in the first quarter. Dupont Capital Management Corp now owns 12,213 shares of the insurance provider’s stock worth $1,045,000 after purchasing an additional 3,049 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Arch Capital Group by 13.0% in the first quarter. Greenleaf Trust now owns 38,559 shares of the insurance provider’s stock worth $3,300,000 after purchasing an additional 4,428 shares during the last quarter. 28.20% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on ACGL shares. TheStreet cut Arch Capital Group from a “b” rating to a “c” rating in a research report on Tuesday, May 1st. BidaskClub cut Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Goldman Sachs Group started coverage on Arch Capital Group in a research report on Monday, June 18th. They issued a “neutral” rating on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Arch Capital Group in a research report on Monday, May 14th. Finally, ValuEngine cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.38.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.95% and a net margin of 10.47%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company posted $1.21 EPS. research analysts forecast that Arch Capital Group Ltd. will post 2.23 earnings per share for the current year.
In other Arch Capital Group news, CFO Mark Donald Lyons sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $78.36, for a total value of $940,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Francois Morin sold 1,938 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $83.11, for a total value of $161,067.18. Following the completion of the transaction, the chief financial officer now owns 8,902 shares in the company, valued at $739,845.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,108 shares of company stock worth $1,600,417. 5.10% of the stock is currently owned by corporate insiders.
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
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