United Services Automobile Association Makes New $809,000 Investment in Arch Capital Group Ltd. $ACGL

Key Points

• United Services Automobile Association acquired a new stake in Arch Capital Group Ltd. by purchasing 8,514 shares, valued at approximately $809,000.
• Institutional investors now hold 89.07% of Arch Capital's stock, with several firms, including Ameriprise Financial and Ethic Inc., increasing their stakes during the fourth quarter.
• Arch Capital’s recent quarterly earnings showed $2.58 EPS, surpassing estimates, with a revenue of $4.35 billion, indicating strong financial performance amidst stock market fluctuations.

United Services Automobile Association acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,514 shares of the insurance provider's stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Arch Capital Group by 30.5% in the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock worth $718,522,000 after purchasing an additional 1,743,945 shares in the last quarter. Northern Trust Corp increased its stake in Arch Capital Group by 3.0% in the 1st quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider's stock worth $481,457,000 after buying an additional 144,986 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after buying an additional 93,226 shares in the last quarter. Madison Asset Management LLC increased its stake in Arch Capital Group by 9.0% in the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider's stock worth $465,281,000 after buying an additional 397,857 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its holdings in shares of Arch Capital Group by 8.5% during the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider's stock valued at $415,999,000 after purchasing an additional 337,245 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.0%

Shares of NASDAQ:ACGL traded down $0.03 during trading on Friday, reaching $92.26. The company's stock had a trading volume of 1,256,486 shares, compared to its average volume of 1,668,070. The company has a current ratio of 0.56, a quick 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. The firm's 50 day simple moving average is $89.83 and its two-hundred day simple moving average is $91.38. The stock has a market capitalization of $34.43 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 5.65 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating 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 firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm earned $2.57 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ACGL shares. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. UBS Group reissued a "buy" rating and set a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Citigroup started 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 for the company. Finally, Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average target price of $111.27.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm'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 completion of the sale, the insider owned 433,589 shares of the company's stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by insiders.

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.