Vinva Investment Management Ltd Raises Holdings in Arch Capital Group Ltd. $ACGL

Vinva Investment Management Ltd increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,006 shares of the insurance provider’s stock after acquiring an additional 10,993 shares during the period. Vinva Investment Management Ltd’s holdings in Arch Capital Group were worth $6,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ACGL. Cornerstone Planning Group LLC boosted its position in Arch Capital Group by 426.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $37,000. Richardson Financial Services Inc. lifted its stake in shares of Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 162 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Arch Capital Group during the third quarter worth $54,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 260,096 shares of company stock worth $24,530,685. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 0.1%

ACGL opened at $97.21 on Monday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $96.30 and a 200 day moving average price of $92.95. The company has a market cap of $34.59 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the firm posted $2.26 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada upped their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.20.

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.