Arch Capital Group Ltd. $ACGL Stock Position Increased by High Ground Investment Management LLP

Key Points

• High Ground Investment Management raised its stake in Arch Capital Group by 5.7% in Q4, adding 97,404 shares to hold 1,812,072 shares (about $173.8M), with ACGL representing roughly 25.3% of the firm's portfolio.
• Arch beat quarterly estimates, reporting EPS of $2.98 versus the $2.34 consensus and revenue of $4.93B versus $3.94B, while the company has a market cap of $34.2B and a PE of 8.26.
• Analysts are mixed: the consensus rating is "Hold" with an average price target of $109.40 (nine Buys, eight Holds, one Sell).

High Ground Investment Management LLP raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,812,072 shares of the insurance provider's stock after acquiring an additional 97,404 shares during the period. Arch Capital Group makes up approximately 25.3% of High Ground Investment Management LLP's holdings, making the stock its biggest holding. High Ground Investment Management LLP owned approximately 0.50% of Arch Capital Group worth $173,814,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WealthCollab LLC raised 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 worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider's stock worth $33,000 after acquiring an additional 311 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $104.00 to $105.00 and gave the stock a "market perform" rating in a report on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Evercore set a $100.00 price objective on Arch Capital Group and gave the stock an "in-line" rating in a report on Wednesday, January 7th. Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $109.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Nine 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $109.40.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $95.97 on Monday. The stock's fifty day moving average is $96.93 and its 200 day moving average is $93.71. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market capitalization of $34.19 billion, a PE ratio of 8.26, a PEG ratio of 3.92 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm posted $2.26 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $34,220. This represents a 60.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were 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 in the company, valued at $32,434,190.83. This trade represents a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,267 shares of company stock worth $7,291,637. Insiders own 3.30% 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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