Arch Capital Group Ltd. $ACGL Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its Arch Capital Group stake by 3.5% in the second quarter, adding 24,546 shares and bringing its holdings to 719,128 shares worth approximately $69.8 million. Institutional investors and hedge funds collectively own 89.07% of ACGL.
• Analysts maintain a mixed outlook, with a consensus “Hold” rating and an average price target of $111.11. Seven analysts rate the stock Buy, seven Hold, and one Sell.
• Arch Capital reported quarterly EPS of $2.56, beating estimates of $2.47, while revenue of $4.67 billion also exceeded expectations. The stock opened at $96.09, compared with a 52-week range of $82.44 to $107.08.

National Pension Service boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,128 shares of the insurance provider's stock after purchasing an additional 24,546 shares during the period. National Pension Service owned about 0.21% of Arch Capital Group worth $69,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACGL. Twin Capital Management Inc. increased its position in shares of Arch Capital Group by 1.4% in the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider's stock valued at $785,000 after buying an additional 116 shares in the last quarter. Torren Management LLC raised its stake in shares of Arch Capital Group by 66.9% during the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider's stock worth $28,000 after buying an additional 117 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Arch Capital Group by 1.3% in the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider's stock worth $907,000 after buying an additional 123 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Arch Capital Group by 12.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 1,245 shares of the insurance provider's stock worth $113,000 after buying an additional 140 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Arch Capital Group by 1.4% in the 1st quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider's stock valued at $983,000 after acquiring an additional 145 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACGL shares. Weiss Ratings restated a "buy (b-)" rating on shares of Arch Capital Group in a report on Thursday, August 13th. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research report on Wednesday, July 15th. Cantor Fitzgerald raised their price objective on shares of Arch Capital Group from $102.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, Mizuho lifted their price objective on Arch Capital Group from $101.00 to $104.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of "Hold" and a consensus target price of $111.11.

Arch Capital Group Stock Down 0.1%

ACGL opened at $96.09 on Friday. The firm has a market cap of $32.79 billion, a P/E ratio of 7.51, a PEG ratio of 4.74 and a beta of 0.30. The business's fifty day simple moving average is $99.84 and its 200 day simple moving average is $96.71. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $107.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter in the previous year, the company posted $2.58 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.44 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction dated Tuesday, August 18th. The shares were 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 directly owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch's insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.

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