Arch Capital Group Ltd. (NASDAQ:ACGL) is High Ground Investment Management LLP's Largest Position

Key Points

• High Ground Investment Management LLP has significantly increased its stake in Arch Capital Group by 19.7% in the first quarter, making it the firm's largest position with approximately 29.8% of its portfolio.
• Insider sales indicate a decrease in holdings, with insiders selling a total of 111,976 shares worth over $10 million within the last 90 days.
• Analysts have a Moderate Buy consensus rating for Arch Capital Group, with several firms raising their target prices to as much as $125.00.

High Ground Investment Management LLP boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,326,549 shares of the insurance provider's stock after buying an additional 218,085 shares during the period. Arch Capital Group accounts for approximately 29.8% of High Ground Investment Management LLP's portfolio, making the stock its largest position. High Ground Investment Management LLP owned 0.35% of Arch Capital Group worth $127,587,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 1st quarter worth $27,000. Wayfinding Financial LLC purchased a new position in shares of Arch Capital Group during the 1st quarter worth $31,000. Finally, Grove Bank & Trust purchased a new position in shares of Arch Capital Group during the 1st quarter valued at $40,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider owned 140,023 shares in the company, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider owned 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is owned by company insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $86.50 on Tuesday. The company has a 50 day moving average price of $90.84 and a 200-day moving average price of $91.76. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The stock has a market capitalization of $32.42 billion, a PE ratio of 8.86, a PEG ratio of 6.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The firm had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the company earned $2.45 EPS. The company's revenue was up 10.5% on a year-over-year basis. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. Wells Fargo & Company restated an "overweight" rating and set a $110.00 target price (up previously from $108.00) on shares of Arch Capital Group in a research note on Thursday, July 10th. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. UBS Group boosted their price target on shares of Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $113.60.

Arch Capital Group Company 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.

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