Balefire LLC Takes Position in Arch Capital Group Ltd. $ACGL

Key Points

• Balefire LLC recently made a new investment in Arch Capital Group Ltd. by purchasing 3,672 shares valued at approximately $334,000 in the second quarter.
• Institutional investors and hedge funds now hold 89.07% of Arch Capital's stock, indicating strong institutional interest.
• Arch Capital Group reported an EPS of $2.58 for the last quarter, surpassing analysts' expectations by $0.28, alongside a revenue of $4.35 billion.

Balefire LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,672 shares of the insurance provider's stock, valued at approximately $334,000.

A number of other institutional investors have also added to or reduced their stakes in ACGL. Capital A Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 4th quarter worth about $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group during the first quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC purchased a new stake in Arch Capital Group in the first quarter worth about $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group during the first quarter valued at approximately $37,000. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ACGL. Wolfe Research began coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a "peer perform" rating on the stock. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. 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. Citigroup started coverage on Arch Capital Group in a research report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of 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. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.36.

Arch Capital Group Stock Performance

ACGL traded down $0.37 during midday trading on Monday, hitting $88.03. 3,024,404 shares of the company traded hands, compared to its average volume of 1,948,425. The company's 50-day moving average is $89.73 and its 200 day moving average is $91.22. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $32.85 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 5.41 and a beta of 0.51. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the previous year, the company earned $2.57 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares of the company's stock, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is owned by insiders.

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.