WCM Investment Management LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

WCM Investment Management LLC boosted its stake in shares of 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. The firm owned 13,459,738 shares of the insurance provider's stock after buying an additional 33,525 shares during the period. Arch Capital Group comprises 3.3% of WCM Investment Management LLC's investment portfolio, making the stock its 7th largest holding. WCM Investment Management LLC owned about 3.58% of Arch Capital Group worth $1,279,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in Arch Capital Group in the 1st quarter worth about $281,000. DAVENPORT & Co LLC acquired a new position in Arch Capital Group in the first quarter worth approximately $251,000. Summit Trail Advisors LLC increased its holdings in Arch Capital Group by 6.9% in the first quarter. Summit Trail Advisors LLC now owns 24,034 shares of the insurance provider's stock worth $2,312,000 after buying an additional 1,548 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Arch Capital Group by 1.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,567 shares of the insurance provider's stock valued at $6,306,000 after acquiring an additional 714 shares in the last quarter. Finally, Smith Group Asset Management LLC lifted its stake in Arch Capital Group by 5.5% in the first quarter. Smith Group Asset Management LLC now owns 333,391 shares of the insurance provider's stock valued at $32,066,000 after acquiring an additional 17,422 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.69 during mid-day trading on Thursday, hitting $89.07. The company's stock had a trading volume of 1,964,531 shares, compared to its average volume of 1,713,494. The stock's 50-day moving average is $92.24 and its two-hundred day moving average is $92.10. The firm has a market capitalization of $33.38 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 6.11 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 one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. Arch Capital Group's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer directly owned 795,718 shares of the company's stock, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the transaction, the insider owned 579,218 shares of the company's stock, valued at $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 in the last three months. Corporate insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACGL. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. UBS Group upped their price target on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $114.27.

About Arch Capital Group

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.