288,612 Shares of Arch Capital Group Ltd. $ACGL Purchased by ARGA Investment Management LP

ARGA Investment Management LP purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 288,612 shares of the insurance provider's stock, valued at approximately $26,656,000. Arch Capital Group accounts for about 0.7% of ARGA Investment Management LP's portfolio, making the stock its 26th largest holding. ARGA Investment Management LP owned 0.08% of Arch Capital Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Horizons Wealth Management acquired a new position in Arch Capital Group during the third quarter worth $25,000. Torren Management LLC grew its stake in shares of Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider's stock valued at $28,000 after buying an additional 117 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at $46,000. Allied Private Wealth LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at $69,000. Finally, Westpac Banking Corp purchased a new stake in shares of Arch Capital Group in the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACGL shares. UBS Group upped their target price on shares of Arch Capital Group from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the company a "neutral" rating in a research report on Wednesday, September 16th. Morgan Stanley set a $103.00 price target on shares of Arch Capital Group and gave the stock an "equal weight" rating in a research note on Thursday, October 29th. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $111.00.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $107.79 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $98.27 and its two-hundred day moving average is $96.94. Arch Capital Group Ltd. has a twelve month low of $85.99 and a twelve month high of $110.26. The firm has a market capitalization of $36.78 billion, a PE ratio of 8.81, a P/E/G ratio of 3.64 and a beta of 0.22.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.36. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.06 billion. Arch Capital Group had a net margin of 23.31% and a return on equity of 16.62%. During the same period last year, the firm earned $2.77 EPS. Research analysts anticipate that Arch Capital Group Ltd. will post 10.03 earnings per share for the current year.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.

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