Arch Capital Group Ltd. (NASDAQ:ACGL) Position Cut by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,353 shares of the insurance provider's stock after selling 4,930 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Arch Capital Group were worth $2,861,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC increased its position in Arch Capital Group by 28.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider's stock worth $15,277,000 after purchasing an additional 46,089 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Arch Capital Group by 19.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider's stock valued at $6,621,000 after acquiring an additional 14,233 shares during the last quarter. Gladstone Capital Management LLP grew its position in Arch Capital Group by 52.8% in the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider's stock worth $102,887,000 after acquiring an additional 478,570 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Arch Capital Group by 61.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider's stock worth $237,017,000 after acquiring an additional 1,216,080 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Arch Capital Group by 5.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider's stock valued at $39,851,000 after purchasing an additional 21,332 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Arch Capital Group from $100.00 to $104.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 31st. JMP Securities boosted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, Bank of America dropped their price objective on Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, July 11th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.56.

Arch Capital Group Stock Performance

ACGL traded up $1.80 during trading on Wednesday, hitting $104.60. 1,013,192 shares of the stock were exchanged, compared to its average volume of 1,638,552. The firm has a market capitalization of $39.34 billion, a P/E ratio of 8.26, a PEG ratio of 1.83 and a beta of 0.58. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $104.72. The stock has a fifty day moving average price of $98.82 and a two-hundred day moving average price of $94.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 9 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.