Arch Capital Group Ltd. $ACGL is Marshfield Associates' 9th Largest Position

Key Points

• Marshfield Associates reduced its stake in Arch Capital Group Ltd. by 0.2%, selling 3,879 shares, and now holds 2,560,861 shares, making it the ninth largest position in their portfolio.
• Several institutional investors recently adjusted their positions in Arch Capital Group, with ownership now at 89.07% of the company's stock.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $111.27 after some firms adjusted their price objectives.

Marshfield Associates trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,560,861 shares of the insurance provider's stock after selling 3,879 shares during the period. Arch Capital Group accounts for approximately 5.3% of Marshfield Associates' investment portfolio, making the stock its 9th biggest holding. Marshfield Associates owned about 0.68% of Arch Capital Group worth $246,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Arch Capital Group by 30.5% in the 1st 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 during the period. Northern Trust Corp grew its position in Arch Capital Group by 3.0% during the 1st quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider's stock worth $481,457,000 after purchasing an additional 144,986 shares during the period. Nuveen Asset Management LLC grew its position in Arch Capital Group by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock worth $451,499,000 after purchasing an additional 93,226 shares during the period. Madison Asset Management LLC grew its position in Arch Capital Group by 9.0% during the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider's stock worth $465,281,000 after purchasing an additional 397,857 shares during the period. Finally, Egerton Capital UK LLP grew its position in Arch Capital Group by 8.5% during the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider's stock worth $415,999,000 after purchasing an additional 337,245 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ACGL shares. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Citigroup assumed coverage on Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 target price on the stock. Wells Fargo & Company dropped their target price on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.27.

Arch Capital Group Trading Up 1.7%

Shares of NASDAQ ACGL traded up $1.58 during midday trading on Wednesday, reaching $92.90. 2,049,809 shares of the stock were exchanged, compared to its average volume of 1,779,336. The company has a 50 day simple moving average of $89.64 and a 200 day simple moving average of $91.25. The stock has a market capitalization of $34.67 billion, a P/E ratio of 9.59, a PEG ratio of 5.60 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during 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 quarter last year, the firm earned $2.57 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the business'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 completion of the transaction, the insider owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company's stock.

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.