Channing Global Advisors LLC Has $1.15 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Channing Global Advisors LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 95.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,905 shares of the insurance provider's stock after purchasing an additional 5,827 shares during the quarter. Arch Capital Group comprises 0.8% of Channing Global Advisors LLC's holdings, making the stock its 25th biggest position. Channing Global Advisors LLC's holdings in Arch Capital Group were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Arch Capital Group in the 1st quarter worth approximately $1,009,000. Nilsine Partners LLC grew its stake in shares of Arch Capital Group by 13.7% in the 1st quarter. Nilsine Partners LLC now owns 30,569 shares of the insurance provider's stock worth $2,940,000 after purchasing an additional 3,695 shares during the last quarter. Praxis Investment Management Inc. grew its stake in shares of Arch Capital Group by 7.7% in the 1st quarter. Praxis Investment Management Inc. now owns 21,080 shares of the insurance provider's stock worth $2,027,000 after purchasing an additional 1,500 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Arch Capital Group by 10.8% in the 1st quarter. Blue Trust Inc. now owns 1,697 shares of the insurance provider's stock worth $163,000 after purchasing an additional 166 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Arch Capital Group by 19.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 6,928 shares of the insurance provider's stock worth $659,000 after purchasing an additional 1,115 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Arch Capital Group stock traded down $1.74 on Wednesday, hitting $89.23. The company's stock had a trading volume of 1,415,940 shares, compared to its average volume of 1,697,368. The firm has a market cap of $33.44 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 6.29 and a beta of 0.53. 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 company has a fifty day moving average price of $92.48 and a 200-day moving average price of $92.25. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm earned $2.45 EPS. The company's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares in the company, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,976 shares of company stock valued at $10,531,038. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $114.63.

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.