Arch Capital Group Ltd. $ACGL Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Arch Capital Group by 12.8%, acquiring an additional 33,956 shares, bringing its total to 298,735 shares valued at approximately $28.68 million.
• Arch Capital Group reported Q2 earnings of $2.58 EPS, beating the estimated $2.30 EPS, with revenues of $4.35 billion surpassing expectations of $4.29 billion.
• Research analysts maintain a consensus rating of "Moderate Buy" for Arch Capital Group, with an average target price of $112.13 per share.

Russell Investments Group Ltd. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,735 shares of the insurance provider's stock after purchasing an additional 33,956 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Arch Capital Group worth $28,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in shares of Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock valued at $138,000 after acquiring an additional 111 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock valued at $642,000 after acquiring an additional 113 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Arch Capital Group by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock valued at $1,272,000 after acquiring an additional 115 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of Arch Capital Group by 27.7% during the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. lifted its position in Arch Capital Group by 4.2% during the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACGL. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods increased their target price on 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. UBS Group reiterated a "buy" rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Wells Fargo & Company reduced 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. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $112.13.

Arch Capital Group Stock Up 1.3%

Shares of NASDAQ:ACGL traded up $1.2440 during mid-day trading on Thursday, hitting $94.0840. 425,762 shares of the company traded hands, compared to its average volume of 1,924,299. The firm has a market cap of $35.11 billion, a P/E ratio of 9.71, a PEG ratio of 5.62 and a beta of 0.49. 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 52-week low of $82.49 and a 52-week high of $116.47. The firm's 50 day simple moving average is $89.37 and its 200 day simple moving average is $91.21.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $2.57 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.