Qtron Investments LLC Has $617,000 Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Qtron Investments LLC has significantly reduced its stake in Arch Capital Group, selling 4,148 shares and lowering its holdings by 39.3% to a total of 6,420 shares valued at $617,000.
• JPMorgan Chase & Co. has increased its position in Arch Capital Group by 30.5%, acquiring an additional 1,743,945 shares, and now holds over 7.4 million shares valued at approximately $718.5 million.
• Analysts have a consensus rating of "Moderate Buy" for Arch Capital Group, with a target price averaging $112.13, and the company reported a strong quarterly earnings result, exceeding estimates with $2.58 earnings per share.

Qtron Investments LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 39.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,420 shares of the insurance provider's stock after selling 4,148 shares during the period. Qtron Investments LLC's holdings in Arch Capital Group were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ACGL. CreativeOne Wealth LLC grew its stake in shares of Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 126 shares during the period. Jump Financial LLC grew its stake in shares of Arch Capital Group by 6.9% in the 4th quarter. Jump Financial LLC now owns 3,384 shares of the insurance provider's stock valued at $313,000 after purchasing an additional 218 shares during the period. NewEdge Advisors LLC grew its stake in shares of Arch Capital Group by 8.2% in the 4th quarter. NewEdge Advisors LLC now owns 15,633 shares of the insurance provider's stock valued at $1,444,000 after purchasing an additional 1,183 shares during the period. Norinchukin Bank The grew its stake in shares of Arch Capital Group by 11.0% in the 4th quarter. Norinchukin Bank The now owns 17,408 shares of the insurance provider's stock valued at $1,608,000 after purchasing an additional 1,730 shares during the period. Finally, Natixis grew its position in Arch Capital Group by 37.9% during the 4th quarter. Natixis now owns 88,738 shares of the insurance provider's stock worth $8,195,000 after acquiring an additional 24,383 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 0.1%

ACGL traded down $0.13 during mid-day trading on Friday, reaching $93.41. The stock had a trading volume of 1,820,208 shares, compared to its average volume of 2,271,198. The stock has a market capitalization of $34.86 billion, a P/E ratio of 9.64, a P/E/G ratio of 5.73 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm's fifty day simple moving average is $89.45 and its two-hundred day simple moving average is $91.22. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period last year, the company earned $2.57 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research analyst reports. Citigroup initiated coverage on Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target on the stock. Wells Fargo & Company decreased their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.