Machina Capital S.A.S. Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Machina Capital S.A.S. bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,718 shares of the insurance provider's stock, valued at approximately $935,000.

Several other large investors have also added to or reduced their stakes in ACGL. Norges Bank acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $437,291,000. First Trust Advisors LP raised its stake in Arch Capital Group by 663.3% during the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after acquiring an additional 2,139,782 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Arch Capital Group during the fourth quarter worth about $151,342,000. GAMMA Investing LLC grew its holdings in shares of Arch Capital Group by 10,817.9% during the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock worth $775,380,000 after purchasing an additional 798,797 shares during the last quarter. Finally, High Ground Investment Management LLP grew its holdings in shares of Arch Capital Group by 246.3% during the fourth quarter. High Ground Investment Management LLP now owns 1,108,464 shares of the insurance provider's stock worth $102,367,000 after purchasing an additional 788,393 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider owned 579,218 shares in the company, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider owned 140,023 shares of the company's stock, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.20% of the company's stock.

Arch Capital Group Trading Up 1.0%

Shares of Arch Capital Group stock traded up $0.89 on Friday, hitting $88.89. The stock had a trading volume of 2,552,610 shares, compared to its average volume of 2,684,975. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 6.12 and a beta of 0.51. The stock's 50-day simple moving average is $91.01 and its two-hundred day simple moving average is $91.79.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the company earned $2.45 earnings per share. Arch Capital Group's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ACGL shares. Wells Fargo & Company restated an "overweight" rating and set a $110.00 price target (up previously from $108.00) on shares of Arch Capital Group in a report on Thursday, July 10th. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Barclays lowered their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average target price of $113.60.

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.