CHICAGO TRUST Co NA Invests $288,000 in Arch Capital Group Ltd. $ACGL

Key Points

• CHICAGO TRUST Co NA has invested approximately $288,000 in Arch Capital Group Ltd., acquiring 3,164 shares during the second quarter.
• Arch Capital Group's shares are currently traded at around $90.76 with a market cap of $33.87 billion, and the company posted earnings of $2.58 per share for the last quarter, exceeding estimates.
• Institutional investors hold 89.07% of Arch Capital's stock, with recent significant transactions made by companies such as Nuveen LLC and JPMorgan Chase & Co.

CHICAGO TRUST Co NA purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,164 shares of the insurance provider's stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Nuveen LLC acquired a new position in Arch Capital Group during the first quarter worth about $399,651,000. JPMorgan Chase & Co. boosted its position in Arch Capital Group by 30.5% during 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 last quarter. GAMMA Investing LLC boosted its position in Arch Capital Group by 10,817.9% during the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock worth $775,380,000 after acquiring an additional 798,797 shares during the last quarter. GQG Partners LLC acquired a new position in Arch Capital Group during the first quarter worth about $71,769,000. Finally, Champlain Investment Partners LLC acquired a new position in Arch Capital Group during the first quarter worth about $48,040,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

Shares of ACGL opened at $90.76 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm's 50 day moving average price is $89.77 and its 200 day moving average price is $91.20. The company has a market cap of $33.87 billion, a P/E ratio of 9.37, a PEG ratio of 5.42 and a beta of 0.51. 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 earnings per share 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 firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $2.57 EPS. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACGL. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. UBS Group reiterated a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Wolfe Research began coverage on shares of Arch Capital Group in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Finally, Wells Fargo & Company decreased 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. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.36.

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.

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