Kinsale Capital Group Inc. Has $7.51 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Kinsale Capital Group Inc. increased its stake in Arch Capital Group Ltd. by 14.6% during the 1st quarter, holding 78,068 shares valued at approximately $7.51 million.
• Arch Capital Group reported earnings of $1.54 per share for the latest quarter, falling short of analysts' expectations of $1.59, and experienced a 10.5% increase in revenue year-over-year.
• Insider trading activity included CFO Francois Morin selling 12,630 shares for approximately $1.19 million, reflecting a 4.4% decrease in his ownership position.

Kinsale Capital Group Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,068 shares of the insurance provider's stock after buying an additional 9,953 shares during the quarter. Arch Capital Group comprises 1.8% of Kinsale Capital Group Inc.'s portfolio, making the stock its 25th largest position. Kinsale Capital Group Inc.'s holdings in Arch Capital Group were worth $7,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Arch Capital Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after purchasing an additional 180,493 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Arch Capital Group by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock valued at $451,499,000 after purchasing an additional 93,226 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Arch Capital Group by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after purchasing an additional 495,262 shares during the last quarter. Madison Asset Management LLC grew its holdings in shares of Arch Capital Group by 9.0% during the first quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider's stock valued at $465,281,000 after purchasing an additional 397,857 shares during the last quarter. Finally, Egerton Capital UK LLP grew its holdings in shares of Arch Capital Group by 8.5% during the first quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider's stock valued at $415,999,000 after purchasing an additional 337,245 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Barclays decreased their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $110.00 price objective (up from $108.00) on shares of Arch Capital Group in a report on Thursday, July 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.60.

Insider Buying and Selling

In other news, CFO Francois Morin sold 12,630 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer owned 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the sale, the chief executive officer owned 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 over the last quarter. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $2.39 on Monday, reaching $86.50. 2,260,426 shares of the company traded hands, compared to its average volume of 2,698,343. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company's 50 day moving average is $90.84 and its 200-day moving average is $91.76. The stock has a market capitalization of $32.42 billion, a PE ratio of 8.86, a P/E/G ratio of 6.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the company posted $2.45 EPS. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. As a group, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.