Arch Capital Group Ltd. $ACGL Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 398.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,340 shares of the insurance provider's stock after purchasing an additional 11,463 shares during the period. Chicago Partners Investment Group LLC's holdings in Arch Capital Group were worth $1,458,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Arch Capital Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider's stock worth $400,643,000 after acquiring an additional 117,929 shares during the period. Madison Asset Management LLC purchased a new position in Arch Capital Group in the second quarter valued at $368,808,000. First Trust Advisors LP grew its stake in Arch Capital Group by 319.5% during the 1st 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Arch Capital Group by 10.3% during the 3rd 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Arch Capital Group by 50.6% during the 1st 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 in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Francois Morin sold 11,010 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $118.00 to $113.00 and set a "neutral" rating on the stock in a report on Friday, October 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $106.00 price objective (up from $95.00) on shares of Arch Capital Group in a research note on Tuesday, November 3rd. Citigroup boosted their price objective on Arch Capital Group from $122.50 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Morgan Stanley set a $103.00 price objective on Arch Capital Group and gave the stock an "equal weight" rating in a research report on Thursday, October 29th. Finally, Wells Fargo & Company upped their target price on shares of Arch Capital Group from $107.00 to $119.00 and gave the stock an "overweight" rating in a research note on Monday, November 2nd. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $111.65.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $107.28 on Monday. The stock has a 50-day simple moving average of $98.84 and a 200-day simple moving average of $97.22. The stock has a market cap of $36.61 billion, a P/E ratio of 8.77, a P/E/G ratio of 3.52 and a beta of 0.22. Arch Capital Group Ltd. has a 1 year low of $87.05 and a 1 year high of $113.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.36. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.06 billion. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. During the same quarter last year, the company earned $2.77 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 10.18 earnings per share for the current fiscal year.

Arch Capital Group Profile

Arch Capital Group Ltd. is a global insurance and reinsurance company headquartered in Bermuda. Through its insurance, reinsurance and mortgage insurance operations, it provides coverage and risk-management solutions to businesses, financial institutions and other customers.

The company's offerings include property and casualty insurance, specialty coverage and reinsurance for risks such as property, casualty and professional liability. Its mortgage insurance business serves lenders and borrowers, primarily in the United States.

Arch conducts business in multiple markets around the world through subsidiaries and operating units.

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