KG&L Capital Management LLC Has $716,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• KG&L Capital Management LLC reduced its stake in Arch Capital Group Ltd. by 33.3%, ending up with 7,865 shares valued at $716,000.
• Notable new positions in Arch Capital Group were established by several institutional investors, with 89.07% of the stock currently owned by these entities.
• Arch Capital Group reported an earnings per share (EPS) of $2.58, exceeding analyst estimates of $2.30, with a revenue of $4.35 billion for the last quarter.

KG&L Capital Management LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 33.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,865 shares of the insurance provider's stock after selling 3,932 shares during the quarter. KG&L Capital Management LLC's holdings in Arch Capital Group were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACGL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at $27,000. Meeder Asset Management Inc. lifted 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 worth $27,000 after buying an additional 150 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Arch Capital Group during the 1st quarter worth $31,000. Zions Bancorporation National Association UT acquired a new position in Arch Capital Group during the 1st quarter worth $37,000. Finally, Grove Bank & Trust acquired a new position in Arch Capital Group during the 1st quarter worth $40,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $90.88 on Friday. The firm has a market capitalization of $33.92 billion, a P/E ratio of 9.38, a PEG ratio of 5.56 and a beta of 0.51. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The business has a 50-day moving average of $89.84 and a 200-day moving average of $91.21. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period in the previous year, the company earned $2.57 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

ACGL has been the topic of several research reports. Wells Fargo & Company reduced their price objective on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Citigroup started coverage on Arch Capital Group in a research report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $109.36.

Arch Capital Group 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.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.