Jacobs Levy Equity Management Inc. Has $3.48 Million Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in Arch Capital Group Ltd., selling 77,363 shares, which represents a 68.1% decrease during the first quarter, leading to ownership of only 36,169 shares valued at approximately $3.48 million.
• Insider trading activity was noted, as Maamoun Rajeh sold 10,000 shares at an average price of $94.15, reducing their total holdings to 433,589 shares.
• Despite a recent downturn of 1.4% in share price, Arch Capital Group reported strong quarterly earnings with $2.58 EPS, surpassing analysts' expectations and indicating a solid financial performance.

Jacobs Levy Equity Management Inc. reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 68.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,169 shares of the insurance provider's stock after selling 77,363 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Arch Capital Group were worth $3,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Harbour Investments Inc. lifted its holdings in shares of Arch Capital Group by 8.4% in the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock valued at $138,000 after purchasing an additional 111 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in Arch Capital Group by 1.7% during the first 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 raised its stake in Arch Capital Group by 0.9% during the first 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 raised its stake in Arch Capital Group by 27.7% during the first 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. increased its position in shares of Arch Capital Group by 4.2% in the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL traded down $0.25 during trading hours on Monday, hitting $92.02. The stock had a trading volume of 220,677 shares, compared to its average volume of 1,912,411. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company's fifty day moving average is $89.83 and its two-hundred day moving average is $91.38. 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 stock has a market capitalization of $34.34 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 5.65 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent research reports. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. UBS Group reaffirmed a "buy" rating and set a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

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.