Great Lakes Advisors LLC Has $37.95 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Great Lakes Advisors LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 99.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,320 shares of the insurance provider’s stock after purchasing an additional 208,235 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.11% of Arch Capital Group worth $37,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. TD Waterhouse Canada Inc. raised its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock valued at $354,000 after purchasing an additional 116 shares during the period. Greenleaf Trust lifted its stake in Arch Capital Group by 4.2% in the 2nd quarter. Greenleaf Trust now owns 3,082 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 125 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in Arch Capital Group by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 127 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,666 shares of company stock valued at $20,728,673 in the last three months. 4.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research analyst reports. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research report on Friday, January 16th. Mizuho set a $95.00 price target on Arch Capital Group and gave the company a “neutral” rating in a research note on Monday, December 15th. Finally, Evercore ISI set a $100.00 price objective on Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of “Hold” and an average target price of $107.53.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $94.17 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 1.96 and a beta of 0.45. The firm’s 50 day simple moving average is $93.80 and its 200 day simple moving average is $91.08. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period in the previous year, the business earned $1.99 earnings per share. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.