Annandale Capital LLC Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Annandale Capital LLC increased its holdings in Arch Capital Group Ltd. by 65.2%, acquiring an additional 14,858 shares in the first quarter, raising its total stake to 37,644 shares valued at approximately $3.6 million.
• Institutional investors now control 89.07% of Arch Capital Group's shares, with significant stakes also reported by Public Sector Pension Investment Board and JPMorgan Chase & Co. during the same quarter.
• Arch Capital Group's stock recently increased by 1.2% and reported earnings of $2.58 per share, which exceeded analysts' expectations, alongside revenue of $4.35 billion.

Annandale Capital LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,644 shares of the insurance provider's stock after buying an additional 14,858 shares during the period. Annandale Capital LLC's holdings in Arch Capital Group were worth $3,621,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACGL. Advisory Services Network LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $537,000. Raymond James Financial Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $41,876,000. Sterling Capital Management LLC grew its position in shares of Arch Capital Group by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 21,493 shares of the insurance provider's stock valued at $1,985,000 after purchasing an additional 7,665 shares in the last quarter. Townsquare Capital LLC grew its position in shares of Arch Capital Group by 72.2% in the fourth quarter. Townsquare Capital LLC now owns 13,719 shares of the insurance provider's stock valued at $1,267,000 after purchasing an additional 5,750 shares in the last quarter. Finally, Advisors Capital Management LLC grew its position in shares of Arch Capital Group by 18.9% in the fourth quarter. Advisors Capital Management LLC now owns 3,760 shares of the insurance provider's stock valued at $347,000 after purchasing an additional 597 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACGL. UBS Group restated a "buy" rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Citigroup began coverage on Arch Capital Group in a research report on Wednesday. They issued a "buy" rating and a $113.00 price target for the company. Wells Fargo & Company dropped their price target 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. Finally, Cowen restated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Trading Up 1.7%

NASDAQ:ACGL traded up $1.51 during trading hours on Thursday, reaching $91.46. 2,019,762 shares of the stock were exchanged, compared to its average volume of 1,935,722. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $89.46 and a two-hundred day moving average of $91.32. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a market capitalization of $34.13 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 5.39 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates 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 company 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 firm earned $2.57 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer directly owned 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by company 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.