Retireful LLC Acquires Shares of 3,192 Arch Capital Group Ltd. $ACGL

Key Points

• Retireful LLC acquired a new stake in Arch Capital Group Ltd., purchasing 3,192 shares valued at approximately $291,000 in the second quarter.
• Analyst ratings indicate a consensus of Moderate Buy for Arch Capital Group, with a price target currently set at $109.36.
• Insider Maamoun Rajeh sold 10,000 shares of Arch Capital stock for about $941,500, reducing his ownership by 2.25%.

Retireful LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,192 shares of the insurance provider's stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACGL. Two Sigma Advisers LP purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $757,000. Vise Technologies Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $272,000. GTS Securities LLC raised its holdings in shares of Arch Capital Group by 7.0% in the fourth quarter. GTS Securities LLC now owns 5,189 shares of the insurance provider's stock valued at $479,000 after buying an additional 341 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Arch Capital Group by 7.2% in the fourth quarter. Toronto Dominion Bank now owns 200,657 shares of the insurance provider's stock valued at $18,526,000 after buying an additional 13,533 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $23,156,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ACGL. Keefe, Bruyette & Woods increased 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 report on Thursday, August 14th. Wolfe Research began coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a "peer perform" rating for the company. UBS Group reissued a "buy" rating and set a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Cowen reissued a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Citigroup began coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.36.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Trading Up 2.6%

Shares of ACGL opened at $90.76 on Thursday. 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 firm's 50-day moving average is $89.77 and its two-hundred day moving average is $91.20. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The firm has a market capitalization of $33.87 billion, a P/E ratio of 9.37, a PEG ratio of 5.42 and a beta of 0.51.

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

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.

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