Capital Fund Management S.A. Makes New $9.17 Million Investment in Arch Capital Group Ltd. $ACGL

Key Points

• Capital Fund Management S.A. has established a new stake in Arch Capital Group Ltd. with an investment of approximately $9.17 million, acquiring 95,333 shares during the first quarter.
• The stock performance of Arch Capital Group shows a market cap of $34.91 billion and a 52-week price range between $82.49 and $116.47.
• Brokerage ratings for Arch Capital Group vary, with the consensus rating being a "Moderate Buy" and an average target price of $112.13.

Capital Fund Management S.A. purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 95,333 shares of the insurance provider's stock, valued at approximately $9,169,000.

Other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in Arch Capital Group during the 4th quarter worth $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group during the first quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new position in Arch Capital Group in the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new position in Arch Capital Group in the 1st quarter worth approximately $37,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods boosted 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. 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. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $111.27.

Arch Capital Group Stock Down 0.1%

ACGL traded down $0.13 during trading hours on Friday, hitting $93.41. 1,820,208 shares of the company's stock were exchanged, compared to its average volume of 2,234,580. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The stock's 50-day moving average is $89.45 and its two-hundred day moving average is $91.19. The stock has a market cap of $34.86 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 5.72 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the prior year, the company posted $2.57 earnings per share. Sell-side analysts predict 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.