Bryce Point Capital LLC Makes New Investment in Arch Capital Group Ltd. $ACGL

Bryce Point Capital LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,584 shares of the insurance provider’s stock, valued at approximately $691,000.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $399,651,000. JPMorgan Chase & Co. increased its holdings in shares of Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after buying an additional 1,743,945 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $71,769,000. Champlain Investment Partners LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $48,040,000. Finally, Amundi increased its holdings in shares of Arch Capital Group by 32.3% during the 1st quarter. Amundi now owns 1,683,211 shares of the insurance provider’s stock worth $162,060,000 after buying an additional 410,825 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.4%

Arch Capital Group stock opened at $86.00 on Tuesday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. The firm has a 50 day moving average price of $89.65 and a 200 day moving average price of $90.53. The company has a market capitalization of $32.10 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the firm earned $1.99 EPS. Research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ACGL shares. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Cantor Fitzgerald restated a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. Wolfe Research started coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.64.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.