Arch Capital Group Ltd. $ACGL Shares Purchased by High Ground Investment Management LLP

Key Points

• High Ground Investment Management LLP increased its holdings in Arch Capital Group by 24.9% during the second quarter, making it the firm's largest investment, accounting for 31.6% of its portfolio.
• Recent analyst ratings for Arch Capital Group include a "buy" from Cowen and a target price adjustment by UBS Group from $124.00 to $118.00, with a consensus rating of "Moderate Buy" and a target of $109.36.
• Arch Capital Group reported earnings of $2.58 per share in its latest quarter, surpassing estimates and reflecting strong revenue of $4.35 billion, indicating robust performance and a return on equity of 15.33%.

High Ground Investment Management LLP increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,656,517 shares of the insurance provider's stock after purchasing an additional 329,968 shares during the period. Arch Capital Group accounts for 31.6% of High Ground Investment Management LLP's investment portfolio, making the stock its largest holding. High Ground Investment Management LLP owned 0.44% of Arch Capital Group worth $150,826,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Harbour Investments Inc. boosted its stake in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock worth $138,000 after purchasing an additional 111 shares during the period. Resonant Capital Advisors LLC boosted its stake in Arch Capital Group by 1.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after purchasing an additional 113 shares during the period. Venturi Wealth Management LLC boosted its stake in Arch Capital Group by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock worth $1,272,000 after purchasing an additional 115 shares during the period. Hemington Wealth Management boosted its stake in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock worth $52,000 after purchasing an additional 119 shares during the period. Finally, Horizon Advisory Services Inc. boosted its stake in Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider owned 433,589 shares of the company's stock, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACGL shares. Cowen restated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. UBS Group restated a "buy" rating and issued a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Cantor Fitzgerald upgraded shares of Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. Finally, Citigroup started coverage on shares of Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.36.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $88.46 on Wednesday. The company has a market cap of $33.02 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 5.39 and a beta of 0.51. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day simple moving average of $89.73 and a 200-day simple moving average of $91.20.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share 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 analyst estimates of $4.29 billion. During the same quarter in the prior year, the company posted $2.57 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.

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