21,161 Shares in Arch Capital Group Ltd. $ACGL Acquired by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. has acquired 21,161 shares of Arch Capital Group Ltd. for approximately $1,927,000, marking its new investment position in the company.
• Arch Capital Group has recently seen significant increases in holdings from other investors, with NBC Securities Inc. boosting its stake by 124,050.0% in the first quarter.
• The company's stock currently holds a consensus rating of "Moderate Buy" from analysts, with a price target averaging $109.36.

Lecap Asset Management Ltd. acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,161 shares of the insurance provider's stock, valued at approximately $1,927,000.

Other large investors have also recently modified their holdings of the company. NBC Securities Inc. boosted its holdings in shares of Arch Capital Group by 124,050.0% in the 1st quarter. NBC Securities Inc. now owns 4,966 shares of the insurance provider's stock valued at $477,000 after acquiring an additional 4,962 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Arch Capital Group by 242.5% during the first quarter. Harbor Investment Advisory LLC now owns 3,199 shares of the insurance provider's stock worth $308,000 after buying an additional 2,265 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Arch Capital Group by 11.2% during the first quarter. Merit Financial Group LLC now owns 6,575 shares of the insurance provider's stock worth $632,000 after buying an additional 664 shares in the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in Arch Capital Group by 5.1% during the first quarter. Arthur M. Cohen & Associates LLC now owns 33,778 shares of the insurance provider's stock worth $3,249,000 after buying an additional 1,650 shares in the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Arch Capital Group by 11.0% during the first quarter. Procyon Advisors LLC now owns 11,840 shares of the insurance provider's stock worth $1,139,000 after buying an additional 1,173 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Cowen reissued a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Citigroup initiated coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Wolfe Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Finally, Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.36.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Down 0.5%

Shares of Arch Capital Group stock opened at $90.31 on Thursday. The company has a 50 day moving average of $89.95 and a 200 day moving average of $91.19. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a market capitalization of $33.71 billion, a P/E ratio of 9.32, a P/E/G ratio of 5.55 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the previous year, the company posted $2.57 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.

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