WINTON GROUP Ltd Purchases New Holdings in Arch Capital Group Ltd. $ACGL

WINTON GROUP Ltd acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,650 shares of the insurance provider’s stock, valued at approximately $4,625,000.

Other hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Arch Capital Group by 9,977.0% in the second quarter. California State Teachers Retirement System now owns 47,698,002 shares of the insurance provider’s stock valued at $4,629,568,000 after purchasing an additional 47,224,669 shares during the period. Norges Bank acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $463,208,000. Madison Asset Management LLC purchased a new position in Arch Capital Group in the 2nd quarter valued at $368,808,000. First Trust Advisors LP grew its position in Arch Capital Group by 319.5% in the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after buying an additional 2,000,162 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Arch Capital Group by 184.1% in the 4th quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock valued at $256,167,000 after buying an additional 1,730,487 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACGL. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Wednesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arch Capital Group in a report on Thursday, August 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and an average target price of $111.11.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $96.20 on Friday. The business has a 50 day moving average price of $99.96 and a 200 day moving average price of $96.72. The company has a market capitalization of $32.83 billion, a P/E ratio of 7.52, a PEG ratio of 4.73 and a beta of 0.30. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $107.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.36 billion. During the same period in the previous year, the firm earned $2.58 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.44 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.