Mount Lucas Management LP Has $5.89 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mount Lucas Management LP increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 52.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,403 shares of the insurance provider's stock after buying an additional 19,995 shares during the period. Arch Capital Group accounts for approximately 1.7% of Mount Lucas Management LP's portfolio, making the stock its 7th largest holding. Mount Lucas Management LP's holdings in Arch Capital Group were worth $5,892,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. UMB Bank n.a. bought a new position in Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA increased its stake in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new position in shares of Arch Capital Group in the fourth quarter worth approximately $33,000. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the second quarter worth about $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group during the first quarter valued at approximately $38,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 1.6 %

Shares of NASDAQ ACGL traded down $1.74 during mid-day trading on Friday, reaching $110.45. 1,211,501 shares of the company's stock were exchanged, compared to its average volume of 1,627,596. The business has a fifty day simple moving average of $101.36 and a 200 day simple moving average of $97.30. The firm has a market capitalization of $41.47 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.05 and a beta of 0.60. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.65.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore ISI lifted their price target 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. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. JMP Securities upped 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 report on Wednesday, July 31st. Bank of America cut their price objective on shares of Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $107.44.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.