Brandywine Global Investment Management LLC Increases Stake in Arch Capital Group Ltd. $ACGL

Key Points

• Brandywine Global Investment Management LLC increased its stake in Arch Capital Group Ltd. by 41.1% in Q1, acquiring an additional 124,465 shares, bringing its total ownership to 427,158 shares valued at approximately $41 million.
• Several hedge funds, including Element Capital Management and Aberdeen Group, have recently bought and increased their positions in Arch Capital, showcasing strong institutional interest with 89.07% of the stock owned by institutional investors.
• Arch Capital Group recently reported an EPS of $2.58 for the last quarter, exceeding expectations, and analysts predict a consensus price target of $112.13 for the stock.

Brandywine Global Investment Management LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 41.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 427,158 shares of the insurance provider's stock after buying an additional 124,465 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.11% of Arch Capital Group worth $41,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ACGL. JPMorgan Chase & Co. lifted its stake in shares of Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock worth $718,522,000 after acquiring an additional 1,743,945 shares during the period. Nuveen Asset Management LLC boosted its holdings in Arch Capital Group by 1.9% in the fourth quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after acquiring an additional 93,226 shares in the last quarter. Northern Trust Corp increased its position 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 worth $448,895,000 after acquiring an additional 495,262 shares in the last quarter. Madison Asset Management LLC lifted its stake in Arch Capital Group by 9.0% during the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider's stock valued at $465,281,000 after acquiring an additional 397,857 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its stake in shares of Arch Capital Group by 8.5% in the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider's stock worth $415,999,000 after buying an additional 337,245 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded up $1.49 during midday trading on Tuesday, hitting $91.84. 1,094,620 shares of the company's stock were exchanged, compared to its average volume of 1,934,387. The company has a market cap of $34.28 billion, a P/E ratio of 9.48, a PEG ratio of 5.56 and a beta of 0.49. 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 stock has a 50-day moving average price of $89.26 and a two-hundred day moving average price of $91.20. 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 announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates 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 business posted $2.57 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ACGL. Cantor Fitzgerald raised Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. JMP Securities reiterated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research report on Thursday, August 14th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $112.13.

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.