Strategy Asset Managers LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Strategy Asset Managers LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,621 shares of the insurance provider's stock, valued at approximately $1,172,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider's stock worth $6,621,000 after purchasing an additional 14,233 shares in the last quarter. Gladstone Capital Management LLP lifted its position in Arch Capital Group by 52.8% during the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider's stock worth $102,887,000 after buying an additional 478,570 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted 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 buying an additional 1,216,080 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Arch Capital Group by 5.2% in the 1st 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 buying an additional 21,332 shares in the last quarter. Finally, Alaska Permanent Fund Corp increased its stake in shares of Arch Capital Group by 42.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider's stock worth $5,045,000 after acquiring an additional 16,208 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Up 0.1 %

Shares of ACGL traded up $0.07 during mid-day trading on Wednesday, hitting $113.32. 1,124,931 shares of the company's stock were exchanged, compared to its average volume of 1,630,492. The stock's 50-day moving average is $100.94 and its 200-day moving average is $96.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $114.65. The company has a market cap of $42.62 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 2.05 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACGL has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Roth Mkm raised their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. JMP Securities increased their price objective on Arch Capital Group from $110.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company reduced their target price on Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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.