8,096 Shares in Arch Capital Group Ltd. $ACGL Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,096 shares of the insurance provider’s stock, valued at approximately $785,000.

Other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC raised its stake in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the period. Torren Management LLC lifted its holdings in Arch Capital Group by 66.9% during the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 117 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group during the 3rd quarter worth about $28,000. Finally, Zions Bancorporation National Association UT boosted its stake in Arch Capital Group by 390.9% in the 4th quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACGL. JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Atlantic Securities set a $126.00 target price on shares of Arch Capital Group in a research note on Wednesday, July 15th. Cantor Fitzgerald raised their price target on shares of Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Mizuho boosted their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $111.11.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ ACGL opened at $98.61 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $99.97 and a 200-day moving average of $96.78. The firm has a market capitalization of $33.65 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 4.83 and a beta of 0.30. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the firm posted $2.58 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.44 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by insiders.

Arch Capital Group 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.