Leuthold Group LLC Buys New Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Leuthold Group LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,891 shares of the insurance provider's stock, valued at approximately $4,351,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the second quarter valued at approximately $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 period. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $35,000. LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $46,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACGL. Evercore ISI increased their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Bank of America raised their target price on Arch Capital Group from $119.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. TD Cowen raised their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Finally, Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.53.

Arch Capital Group Stock Up 0.3 %

Shares of Arch Capital Group stock traded up $0.36 during midday trading on Monday, reaching $105.66. 1,224,739 shares of the company's stock traded hands, compared to its average volume of 1,630,759. The company has a market cap of $39.73 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company's 50 day simple moving average is $110.80 and its 200 day simple moving average is $102.57. 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 (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company earned $1.92 EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts expect that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business's 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 transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company's stock.

Arch Capital Group 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.