Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,413 shares of the insurance provider's stock after purchasing an additional 7,553 shares during the period. Arch Capital Group makes up 1.8% of Kinsale Capital Group Inc.'s investment portfolio, making the stock its 20th largest holding. Kinsale Capital Group Inc.'s holdings in Arch Capital Group were worth $5,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. acquired a new stake in Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% during 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 during the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $33,000. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group in the second quarter valued at $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the first quarter valued at $38,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Evercore ISI boosted their price objective on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an "in-line" rating in a research report on Wednesday, July 31st. Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price target on Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.93.

Arch Capital Group Stock Down 1.4 %

Shares of NASDAQ ACGL traded down $1.53 during trading on Wednesday, reaching $109.75. 1,308,117 shares of the stock were exchanged, compared to its average volume of 1,621,886. The business's 50-day moving average price is $102.05 and its 200 day moving average price is $97.74. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.65. 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 posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the prior year, the company posted $1.92 EPS. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by insiders.

About Arch Capital Group

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.