Shell Asset Management Co. Has $7.36 Million Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Shell Asset Management Co. increased its stake in Arch Capital Group Ltd. by 20.8%, owning 80,833 shares valued at approximately $7.36 million as of the latest SEC filing.
• Institutional investors collectively own 89.07% of Arch Capital Group's stock, reflecting growing interest in the company among large financial entities.
• Analysts have varying ratings for Arch Capital Group, with a consensus rating of "Hold" and price targets ranging from $109.36 to $118.00, indicating potential for modest growth.

Shell Asset Management Co. grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 20.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 80,833 shares of the insurance provider's stock after acquiring an additional 13,896 shares during the period. Shell Asset Management Co.'s holdings in Arch Capital Group were worth $7,360,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group during the 1st quarter worth $27,000. Meeder Asset Management Inc. increased its stake in shares of Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after buying an additional 150 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group during the first quarter worth about $37,000. Finally, Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the first quarter worth approximately $40,000. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ACGL shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Arch Capital Group in a research report on Saturday, September 27th. UBS Group reaffirmed a "buy" rating and issued a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Citigroup initiated coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 target price on the stock. Finally, Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of "Hold" and a consensus price target of $109.36.

Arch Capital Group Trading Up 0.6%

Shares of Arch Capital Group stock opened at $91.35 on Tuesday. The stock has a market capitalization of $34.09 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 5.56 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock has a 50 day moving average price of $90.11 and a two-hundred day moving average price of $91.10. 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 (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 analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.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 firm earned $2.57 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by corporate 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.

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