AMF Tjanstepension AB Buys 308,866 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• AMF Tjanstepension AB increased its Arch Capital Group stake by 717.7% in the third quarter, purchasing 308,866 additional shares for a total holding of 351,901 shares valued at approximately $32.5 million. Institutional investors own 89.07% of the company.
• Analyst sentiment remains mixed: six analysts rate ACGL a Buy, seven rate it Hold, and one rates it Sell. The stock has a consensus rating of Hold with an average price target of $108.39.
• Arch Capital reported quarterly earnings of $2.56 per share, beating estimates of $2.47, while revenue reached $4.67 billion versus expectations of $4.36 billion. Shares opened at $102.69, up 2.4%.

AMF Tjanstepension AB increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 717.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 351,901 shares of the insurance provider's stock after buying an additional 308,866 shares during the quarter. AMF Tjanstepension AB owned about 0.10% of Arch Capital Group worth $32,502,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Arch Capital Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider's stock valued at $400,643,000 after purchasing an additional 117,929 shares during the last quarter. Madison Asset Management LLC purchased a new stake in Arch Capital Group in the 2nd quarter worth about $368,808,000. First Trust Advisors LP lifted its stake in Arch Capital Group by 319.5% in the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider's stock worth $252,084,000 after purchasing an additional 2,000,162 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Arch Capital Group by 10.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider's stock worth $208,695,000 after purchasing an additional 210,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Arch Capital Group by 50.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider's stock worth $183,347,000 after purchasing an additional 641,462 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ACGL. UBS Group restated a "buy" rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Mizuho set a $100.00 price target on Arch Capital Group and gave the stock a "neutral" rating in a report on Wednesday, September 16th. Weiss Ratings raised Arch Capital Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Citigroup restated a "market outperform" rating on shares of Arch Capital Group in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $118.00 to $113.00 and set a "neutral" rating for the company in a report on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Hold" and an average target price of $108.39.

Arch Capital Group Stock Up 2.4%

Shares of Arch Capital Group stock opened at $102.69 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08. The firm's 50-day moving average is $97.42 and its two-hundred day moving average is $96.86. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 3.02 and a beta of 0.28.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm posted $2.58 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.70 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

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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