Champlain Investment Partners LLC Buys Shares of 499,485 Arch Capital Group Ltd. $ACGL

Key Points

• Champlain Investment Partners LLC purchased 499,485 shares of Arch Capital Group during the first quarter, valued at approximately $48 million, giving them a 0.13% ownership stake in the company.
• The company reported a quarterly EPS of $2.58, surpassing analysts' expectations, with revenues of $4.35 billion during the same period.
• A majority of investment analysts recommend a "Moderate Buy" for Arch Capital Group, with a consensus average target price of $111.27.

Champlain Investment Partners LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 499,485 shares of the insurance provider's stock, valued at approximately $48,040,000. Champlain Investment Partners LLC owned about 0.13% of Arch Capital Group at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arch Capital Group by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after purchasing an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $251,000. D.A. Davidson & CO. raised its holdings in Arch Capital Group by 10.9% during the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock worth $4,381,000 after buying an additional 4,460 shares during the period. Crossmark Global Holdings Inc. boosted its position in Arch Capital Group by 24.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock worth $3,619,000 after acquiring an additional 7,448 shares during the period. Finally, World Investment Advisors boosted its position in Arch Capital Group by 114.1% during the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock worth $608,000 after acquiring an additional 3,369 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 0.4%

Shares of Arch Capital Group stock traded up $0.33 during midday trading on Monday, reaching $91.53. The company had a trading volume of 1,562,940 shares, compared to its average volume of 1,895,089. The stock has a fifty day moving average price of $89.56 and a 200 day moving average price of $91.22. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market cap of $34.16 billion, a PE ratio of 9.45, a P/E/G ratio of 5.60 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The business had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the firm posted $2.57 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Wells Fargo & Company lowered their price objective on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Cantor Fitzgerald raised Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $111.27.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

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.