OMERS ADMINISTRATION Corp Has $4.25 Million Stake in Arch Capital Group Ltd. $ACGL

OMERS ADMINISTRATION Corp lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,271 shares of the insurance provider’s stock after buying an additional 6,556 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Arch Capital Group were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. WealthCollab LLC lifted its position 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 acquiring an additional 238 shares during the period. Elyxium Wealth LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $27,000. JPL Wealth Management LLC acquired a new position in Arch Capital Group in the third quarter valued at about $28,000. TD Waterhouse Canada Inc. lifted its position in Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares during the period. Finally, Zions Bancorporation National Association UT lifted its position in Arch Capital Group by 390.9% during the fourth 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. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACGL. Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research note on Wednesday, July 15th. Citigroup upped their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Barclays boosted their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Eight 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Trading Up 0.5%

Shares of Arch Capital Group stock opened at $103.88 on Tuesday. The firm has a market capitalization of $36.29 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 5.15 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $95.97 and its 200 day moving average is $95.89. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.34 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.