Arch Capital Group Ltd. $ACGL Shares Purchased by Aquatic Capital Management LLC

Key Points

• Aquatic Capital Management increased its stake in Arch Capital Group (NASDAQ:ACGL) by 20.7%, buying an additional 15,479 shares to hold 90,101 shares worth about $8.175 million at quarter end.
• Arch reported a strong quarter with $2.98 EPS versus $2.34 expected and revenue of $4.93 billion, yet analysts' consensus is a "Hold" rating with an average price target of $109.20.
• Insiders sold 78,267 shares over the last three months (including CEO Nicolas Papadopoulo and David Gansberg), while institutional investors own about 89.07% of the company's stock.

Aquatic Capital Management LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,101 shares of the insurance provider's stock after acquiring an additional 15,479 shares during the quarter. Aquatic Capital Management LLC's holdings in Arch Capital Group were worth $8,175,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. WealthCollab LLC increased its holdings in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Arch Capital Group by 426.0% during the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider's stock worth $33,000 after buying an additional 311 shares in the last quarter. Quent Capital LLC acquired a new stake in Arch Capital Group during the third quarter valued at $37,000. Richardson Financial Services Inc. increased its holdings in Arch Capital Group by 63.3% in the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider's stock valued at $38,000 after buying an additional 162 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider's stock valued at $43,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of several recent analyst reports. Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research note on Friday, January 16th. Mizuho lifted their price target on Arch Capital Group from $95.00 to $102.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Citigroup reaffirmed a "buy" rating and issued a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Roth Mkm set a $110.00 price target on Arch Capital Group and gave the stock a "buy" rating in a research report on Tuesday, December 2nd. Finally, UBS Group reissued a "buy" rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $109.20.

Arch Capital Group Trading Down 0.8%

Shares of Arch Capital Group stock opened at $93.47 on Monday. The firm has a market capitalization of $33.26 billion, a PE ratio of 8.04, a P/E/G ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The firm's 50-day moving average price is $96.21 and its 200 day moving average price is $93.04. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business earned $2.26 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider David Gansberg sold 5,907 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company's stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,267 shares of company stock valued at $7,291,637. Insiders own 4.10% of the company's stock.

Arch Capital Group Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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