Vident Advisory LLC Acquires 5,138 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Vident Advisory LLC has significantly increased its stake in Arch Capital Group Ltd. by 68.3%, acquiring an additional 5,138 shares, bringing their total holding to 12,664 shares valued at approximately $1.22 million.
• Arch Capital Group recently reported earnings of $2.58 per share for the quarter, exceeding analyst expectations of $2.30, along with revenues of $4.35 billion that surpassed estimates.
• Market analysts maintain a positive outlook on Arch Capital Group, with a consensus rating of "Moderate Buy" and an average price target of $111.27, despite some variations in individual ratings from different firms.

Vident Advisory LLC raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 68.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,664 shares of the insurance provider's stock after acquiring an additional 5,138 shares during the period. Vident Advisory LLC's holdings in Arch Capital Group were worth $1,218,000 at the end of the most recent quarter.

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

Arch Capital Group Trading Down 0.4%

ACGL stock traded down $0.40 during midday trading on Tuesday, hitting $90.50. The company had a trading volume of 600,345 shares, compared to its average volume of 1,915,310. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock's 50 day moving average price is $89.70 and its 200 day moving average price is $91.35. The stock has a market cap of $33.78 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 5.59 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The firm had revenue of $4.35 billion during 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 quarter in the previous year, the company posted $2.57 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACGL shares. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Wells Fargo & Company decreased their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Finally, UBS Group restated 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. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $111.27.

Insider Activity at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was 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 of the company's stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is currently 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.