Cwm LLC Increases Stake in Arch Capital Group Ltd. $ACGL

Key Points

• Cwm LLC has increased its stake in Arch Capital Group Ltd. by 1.1%, now holding approximately 254,099 shares valued at $23.1 million.
• Several other investors have shown interest in Arch Capital, with new positions acquired by firms like Bartlett & CO. Wealth Management and Wayfinding Financial LLC, indicating strong institutional investment in the company.
• Arch Capital Group recently reported earnings that exceeded analyst expectations, posting $2.58 EPS on revenue of $4.35 billion, compared to the anticipated EPS of $2.30.

Cwm LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 254,099 shares of the insurance provider's stock after acquiring an additional 2,778 shares during the quarter. Cwm LLC owned about 0.07% of Arch Capital Group worth $23,136,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACGL. Bartlett & CO. Wealth Management LLC purchased a new stake in Arch Capital Group in the 1st quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after buying an additional 150 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Arch Capital Group during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT purchased a new position in Arch Capital Group during the 1st quarter valued at about $37,000. Finally, Grove Bank & Trust purchased a new position in Arch Capital Group during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACGL. Barclays set a $99.00 target price on Arch Capital Group and gave the company an "equal weight" rating in a report on Wednesday. Citigroup began coverage on Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 target price for the company. Wells Fargo & Company lifted their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, October 8th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, UBS Group reaffirmed a "buy" rating and set a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.31.

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.

Arch Capital Group Stock Up 0.3%

Shares of NASDAQ ACGL opened at $92.47 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $115.06. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 5.47 and a beta of 0.47. The business has a 50-day moving average of $90.63 and a 200-day moving average of $91.03.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company 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.

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