Arch Capital Group Ltd. $ACGL Shares Newly Purchased by Diversified Management Inc.

Key Points

• Diversified Management Inc. purchased 21,470 Arch Capital shares during the third quarter, valued at approximately $1.98 million. Institutional investors and hedge funds collectively own 89.07% of the company.
• Analyst sentiment is mixed, with six Buy, seven Hold and one Sell rating. Arch Capital has a consensus rating of Hold and an average price target of $110.11.
• Arch Capital reported quarterly earnings of $2.56 per share, exceeding estimates of $2.47, while revenue of $4.67 billion also topped expectations. Shares opened at $96.08, near their 50-day and 200-day moving averages.

Diversified Management Inc. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 21,470 shares of the insurance provider's stock, valued at approximately $1,983,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake in shares of Arch Capital Group by 295.6% in the second quarter. Assenagon Asset Management S.A. now owns 50,073 shares of the insurance provider's stock worth $4,860,000 after purchasing an additional 37,416 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Arch Capital Group by 29.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 46,100 shares of the insurance provider's stock worth $4,474,000 after buying an additional 10,562 shares during the period. Weiss Asset Management LP lifted its holdings in Arch Capital Group by 88.5% during the 1st quarter. Weiss Asset Management LP now owns 42,300 shares of the insurance provider's stock worth $4,060,000 after buying an additional 19,860 shares during the period. Triad Investment Management bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $2,030,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Arch Capital Group in the second quarter valued at about $20,286,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ACGL. Morgan Stanley cut their price objective on Arch Capital Group from $111.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday. Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Arch Capital Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $102.00 to $99.00 and set a "market perform" rating for the company in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Arch Capital Group has a consensus rating of "Hold" and an average target price of $110.11.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $96.08 on Friday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08. The firm has a market capitalization of $32.79 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 2.89 and a beta of 0.28. The business has a 50-day simple moving average of $97.37 and a 200 day simple moving average of $96.55. 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 (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.09. The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same quarter last year, the firm posted $2.58 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the firm'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 transaction, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Profile

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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