Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,925,288 shares of the insurance provider's stock after purchasing an additional 244,285 shares during the quarter. Dimensional Fund Advisors LP owned 1.05% of Arch Capital Group worth $396,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Arch Capital Group in the fourth quarter worth approximately $309,496,000. Capital International Investors grew its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock valued at $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Arch Capital Group by 61.6% in 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 purchasing an additional 1,216,080 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider's stock worth $628,614,000 after acquiring an additional 693,608 shares in the last quarter. Finally, Gladstone Capital Management LLP boosted its stake 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 valued at $102,887,000 after acquiring an additional 478,570 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 0.2 %

Shares of NASDAQ:ACGL traded down $0.26 during mid-day trading on Tuesday, reaching $113.96. 990,986 shares of the company were exchanged, compared to its average volume of 1,611,754. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $114.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The firm's 50-day simple moving average is $102.90 and its 200 day simple moving average is $98.33. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 2.00 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $1.92 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction 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 directly owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JMP Securities boosted their target price on Arch Capital Group from $110.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 31st. Bank of America decreased 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 research report on Thursday, July 11th. Royal Bank of Canada boosted their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Finally, Citigroup raised their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $110.93.

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.