Maren Capital LLC Has $58.60 Million Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Maren Capital LLC increased its stake in Arch Capital Group Ltd. by 67.0%, now owning 609,239 shares valued at approximately $58.6 million, making it the firm's 12th largest holding.
• Hedge funds and institutional investors collectively own 89.07% of Arch Capital Group's stock, with significant increases from several firms, including JPMorgan Chase & Co. boosting its stake by 30.5%.
• Analysts have set a consensus price target of $111.27 for Arch Capital Group, with mixed ratings including nine buy and seven hold ratings among analysts.

Maren Capital LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 67.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,239 shares of the insurance provider's stock after acquiring an additional 244,434 shares during the quarter. Arch Capital Group comprises approximately 4.0% of Maren Capital LLC's portfolio, making the stock its 12th biggest holding. Maren Capital LLC owned approximately 0.16% of Arch Capital Group worth $58,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ACGL. Nuveen LLC purchased a new stake in shares of Arch Capital Group in the first quarter valued at $399,651,000. JPMorgan Chase & Co. lifted its position in shares of Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock valued at $718,522,000 after acquiring an additional 1,743,945 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Arch Capital Group by 10,817.9% in the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after acquiring an additional 798,797 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Arch Capital Group in the first quarter valued at $71,769,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Arch Capital Group by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,576,223 shares of the insurance provider's stock valued at $330,264,000 after purchasing an additional 522,484 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.9%

NASDAQ ACGL traded down $0.86 during mid-day trading on Thursday, reaching $90.85. 310,368 shares of the company's stock traded hands, compared to its average volume of 1,918,303. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a fifty day simple moving average of $89.51 and a 200-day simple moving average of $91.18. 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 company has a market cap of $33.91 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 5.57 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 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 quarter last year, the firm earned $2.57 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wells Fargo & Company dropped their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Finally, Citigroup started coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.27.

Insiders Place Their Bets

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 sale, the insider owned 433,589 shares of the company's stock, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by 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.