Vanguard Personalized Indexing Management LLC Grows Holdings in Arch Capital Group Ltd. $ACGL

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,750 shares of the insurance provider’s stock after purchasing an additional 8,256 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Arch Capital Group were worth $4,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Quent Capital LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $37,000. Richardson Financial Services Inc. increased its position in 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 acquiring an additional 162 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares during the period. TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth approximately $54,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACGL. The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $97.00 price objective (up from $93.00) on shares of Arch Capital Group in a research note on Wednesday, January 14th. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $108.00 target price on shares of Arch Capital Group and gave the company an “outperform” rating in a report on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $107.53.

Insider Activity

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group 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 sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 220,666 shares of company stock valued at $20,728,673 in the last quarter. Company insiders own 4.10% of the company’s stock.

Arch Capital Group Trading Up 0.8%

NASDAQ:ACGL opened at $94.17 on Thursday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $97.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a fifty day moving average price of $93.80 and a two-hundred day moving average price of $91.08. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.96 and a beta of 0.45.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping 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 company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the firm earned $1.99 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

About Arch Capital Group

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.