Kingstone Capital Partners Texas LLC Takes $6.27 Million Position in Arch Capital Group Ltd. $ACGL

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in Arch Capital Group Ltd., purchasing 68,730 shares valued at approximately $6.27 million.
• Arch Capital Group has received various rating upgrades from analysts, with a consensus rating of "Moderate Buy" and a price target of $109.36.
• Despite recent insider sales, institutional investors currently own 89.07% of Arch Capital Group's stock, indicating strong institutional interest in the company.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 68,730 shares of the insurance provider's stock, valued at approximately $6,266,000.

Several other institutional investors have also recently modified their holdings of ACGL. Nuveen LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $399,651,000. JPMorgan Chase & Co. increased its position in shares of Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock valued at $718,522,000 after purchasing an additional 1,743,945 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Arch Capital Group by 10,817.9% during the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after purchasing an additional 798,797 shares during the last quarter. GQG Partners LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $71,769,000. Finally, Champlain Investment Partners LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $48,040,000. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ACGL shares. Citigroup started coverage on Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research report on Thursday, August 14th. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.36.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction on 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 owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 0.2%

ACGL opened at $88.40 on Friday. The stock has a market cap of $32.99 billion, a PE ratio of 9.12, a PEG ratio of 5.41 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. The business has a 50 day moving average of $89.78 and a 200-day moving average of $91.24. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $2.57 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.

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.