DRW Securities LLC Acquires 15,836 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• DRW Securities LLC significantly increased its stake in Arch Capital Group by 641.9% during the first quarter, bringing its total holdings to 18,303 shares valued at approximately $1.76 million.
• Insider Maamoun Rajeh sold 10,000 shares at $94.15 each, resulting in a transaction worth $941,500, reducing his ownership by 2.25%.
• Analysts maintain a positive outlook, with nine ratings categorized as "Buy" and an average target price of $111.27 for Arch Capital Group stock.

DRW Securities LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 641.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,303 shares of the insurance provider's stock after buying an additional 15,836 shares during the quarter. DRW Securities LLC's holdings in Arch Capital Group were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ACGL. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Arch Capital Group by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after acquiring an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in Arch Capital Group in the 1st quarter worth approximately $251,000. D.A. Davidson & CO. lifted its position in Arch Capital Group by 10.9% in the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock valued at $4,381,000 after purchasing an additional 4,460 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Arch Capital Group by 24.7% during the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock valued at $3,619,000 after purchasing an additional 7,448 shares during the period. Finally, World Investment Advisors grew its holdings in shares of Arch Capital Group by 114.1% in the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock worth $608,000 after purchasing an additional 3,369 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Citigroup initiated coverage on Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on 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, UBS Group reissued a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

Insider Activity

In related news, insider Maamoun Rajeh sold 10,000 shares of the 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 sale, the insider directly owned 433,589 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Up 1.7%

Shares of ACGL traded up $1.58 during mid-day trading on Wednesday, reaching $92.90. The company had a trading volume of 2,049,809 shares, compared to its average volume of 1,779,336. 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 has a 50-day moving average price of $89.57 and a 200 day moving average price of $91.24. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a market capitalization of $34.67 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 5.60 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the company earned $2.57 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.