ASR Vermogensbeheer N.V. Buys Shares of 68,252 Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• ASR Vermogensbeheer N.V. acquired 68,252 shares of Arch Capital Group Ltd. (NASDAQ: ACGL) valued at approximately $6.56 million, indicating significant institutional interest in the company.
• Multiple analysts have assigned buy ratings to ACGL, with target prices ranging from $100 to $125, reflecting overall positive sentiment towards the company's stock performance.
• Arch Capital Group reported a quarterly EPS of $2.58, exceeding analyst expectations, with revenues of $4.35 billion for the quarter, showcasing strong financial results.

ASR Vermogensbeheer N.V. bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 68,252 shares of the insurance provider's stock, valued at approximately $6,564,000.

A number of other large investors also recently modified their holdings of ACGL. Harbour Investments Inc. lifted its stake in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock valued at $138,000 after acquiring an additional 111 shares during the period. Resonant Capital Advisors LLC raised its holdings in shares of Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock valued at $642,000 after purchasing an additional 113 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Arch Capital Group by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock valued at $1,272,000 after purchasing an additional 115 shares during the period. Hemington Wealth Management lifted its position in Arch Capital Group by 27.7% during the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 119 shares during the period. Finally, Horizon Advisory Services Inc. boosted its holdings in Arch Capital Group by 4.2% in the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after purchasing an additional 120 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.03 during trading on Friday, reaching $88.83. The company's stock had a trading volume of 1,345,043 shares, compared to its average volume of 2,797,913. The business has a 50 day moving average price of $89.84 and a 200-day moving average price of $91.40. The company has a market capitalization of $33.15 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 6.63 and a beta of 0.49. 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 Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $101.00 to $102.00 and gave the company a "market perform" rating in a research note on Tuesday. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $113.07.

Insider Activity at Arch Capital Group

In related news, insider John M. Pasquesi sold 75,060 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the transaction, the insider directly owned 579,218 shares of the company's stock, valued at $54,452,284.18. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer directly owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

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.