Arch Capital Group Ltd. $ACGL Stock Holdings Lifted by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Arch Capital Group holdings by 147% in the third quarter, bringing its position to 27,555 shares valued at approximately $2.55 million. Institutional investors collectively own 89.07% of ACGL.
• Analyst sentiment remains mixed, with seven Buy, eight Hold, and one Sell rating; the consensus rating is Hold with a $111.29 average price target.
• Arch Capital reported quarterly EPS of $2.67, beating estimates of $2.31, while revenue of $4.66 billion exceeded the $4.06 billion consensus. The stock opened at $109.31, near its 52-week high of $110.26.

International Assets Investment Management LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 147.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,555 shares of the insurance provider's stock after acquiring an additional 16,397 shares during the quarter. International Assets Investment Management LLC's holdings in Arch Capital Group were worth $2,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Parcion Private Wealth LLC raised its position in Arch Capital Group by 115.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 5,838 shares of the insurance provider's stock worth $539,000 after purchasing an additional 3,131 shares during the period. VestGen Advisors LLC lifted its stake in Arch Capital Group by 5.6% in the third quarter. VestGen Advisors LLC now owns 3,585 shares of the insurance provider's stock worth $331,000 after purchasing an additional 190 shares during the last quarter. Center for Financial Planning Inc. bought a new stake in Arch Capital Group in the third quarter worth $84,000. Sunesis Advisors LLC purchased a new stake in Arch Capital Group during the third quarter valued at about $418,000. Finally, Apollon Wealth Management LLC boosted its position in Arch Capital Group by 15.5% during the third quarter. Apollon Wealth Management LLC now owns 8,155 shares of the insurance provider's stock valued at $753,000 after buying an additional 1,096 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho set a $100.00 price target on Arch Capital Group and gave the stock a "neutral" rating in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods cut their target price on shares of Arch Capital Group from $99.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday, October 12th. Cantor Fitzgerald raised their target price on shares of Arch Capital Group from $105.00 to $111.00 and gave the stock a "neutral" rating in a report on Monday. Evercore decreased their target price on shares of Arch Capital Group from $105.00 to $103.00 in a research note on Wednesday, October 28th. Finally, Citigroup upped their price target on shares of Arch Capital Group from $122.50 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arch Capital Group currently has an average rating of "Hold" and a consensus target price of $111.29.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares of the company's stock, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Arch Capital Group Stock Up 2.8%

NASDAQ:ACGL opened at $109.31 on Tuesday. Arch Capital Group Ltd. has a 1-year low of $84.69 and a 1-year high of $110.26. The firm's 50-day moving average price is $98.14 and its 200-day moving average price is $96.86. The company has a market capitalization of $37.30 billion, a PE ratio of 8.94, a P/E/G ratio of 3.03 and a beta of 0.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.56 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The insurance provider reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.36. The firm had revenue of $4.66 billion for the quarter, compared to analysts' expectations of $4.06 billion. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. During the same period in the previous year, the firm posted $2.77 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 10.02 EPS for the current fiscal year.

About Arch Capital Group

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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