Generali Asset Management SPA SGR Purchases 12,538 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Generali Asset Management SPA SGR increased its holdings in Arch Capital Group by 76.8%, acquiring an additional 12,538 shares in the second quarter, bringing its total ownership to 28,864 shares valued at approximately $2.63 million.
• Analysts have varied opinions on Arch Capital Group, with a consensus rating of "Hold" and an average target price of $108.71, according to multiple reports from firms like Wolfe Research and Wells Fargo.
• Arch Capital Group's stock has recently been down 3.7%, with its shares trading at $86.23, while the company reported a robust net margin of 19.49% and a strong performance in its latest earnings report.

Generali Asset Management SPA SGR lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 76.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,864 shares of the insurance provider's stock after acquiring an additional 12,538 shares during the quarter. Generali Asset Management SPA SGR's holdings in Arch Capital Group were worth $2,628,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. grew its position in shares of Arch Capital Group by 8.4% in the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock worth $138,000 after buying an additional 111 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of Arch Capital Group by 1.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Arch Capital Group by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock worth $1,272,000 after buying an additional 115 shares during the last quarter. Hemington Wealth Management grew its position in shares of Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock worth $52,000 after buying an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. grew its position in shares of Arch Capital Group by 4.2% in the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after buying an additional 120 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of analyst reports. Wolfe Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $107.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of "Hold" and an average target price of $108.71.

Arch Capital Group Stock Down 3.7%

ACGL stock opened at $86.23 on Friday. The firm's fifty day simple moving average is $90.72 and its 200-day simple moving average is $90.94. The company has a market capitalization of $32.18 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 5.20 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $109.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the prior year, the firm earned $2.57 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction 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 $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

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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