Coppell Advisory Solutions LLC Makes New $3.18 Million Investment in Arch Capital Group Ltd. $ACGL

Key Points

• Coppell Advisory Solutions acquired 32,773 Arch Capital Group shares during the second quarter, valued at approximately $3.18 million. Institutional investors collectively own 89.07% of the company.
• Analyst sentiment is mixed, with seven Buy, seven Hold and one Sell rating; the average rating is Hold and the average price target is $111.11.
• Arch Capital exceeded quarterly expectations, reporting $2.56 in EPS versus the $2.47 consensus estimate and $4.67 billion in revenue. The stock recently opened at $98.21, near its $100.04 50-day moving average.

Coppell Advisory Solutions LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 32,773 shares of the insurance provider's stock, valued at approximately $3,181,000.

Several other hedge funds have also made changes to their positions in ACGL. Norges Bank acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $463,208,000. Morgan Stanley increased its stake in Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider's stock worth $411,409,000 after acquiring an additional 33,132 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider's stock valued at $400,643,000 after purchasing an additional 117,929 shares during the period. Madison Asset Management LLC purchased a new stake in Arch Capital Group in the second quarter valued at $368,808,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Arch Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider's stock valued at $282,962,000 after purchasing an additional 160,326 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares of the company's stock, valued at $18,356,918.32. This trade represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACGL. Cantor Fitzgerald raised their price objective on Arch Capital Group from $102.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. UBS Group reaffirmed a "buy" rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 8th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $111.11.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $98.21 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $33.51 billion, a P/E ratio of 7.68, a P/E/G ratio of 4.86 and a beta of 0.30. The stock has a 50-day moving average of $100.04 and a two-hundred day moving average of $96.76. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $107.08.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter last year, the firm posted $2.58 earnings per share. As a group, analysts anticipate that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. NASDAQ: ACGL is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch's product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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