Vinva Investment Management Ltd Raises Stock Position in Arch Capital Group Ltd. $ACGL

Vinva Investment Management Ltd increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,006 shares of the insurance provider’s stock after acquiring an additional 10,993 shares during the quarter. Vinva Investment Management Ltd’s holdings in Arch Capital Group were worth $6,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at $253,000. Savant Capital LLC lifted its holdings in shares of Arch Capital Group by 9.6% during the 2nd quarter. Savant Capital LLC now owns 15,083 shares of the insurance provider’s stock valued at $1,373,000 after purchasing an additional 1,315 shares during the last quarter. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter worth $371,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Arch Capital Group during the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore set a $100.00 target price on Arch Capital Group and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research note on Friday, January 16th. Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $109.20.

Arch Capital Group Trading Up 0.1%

Arch Capital Group stock opened at $97.21 on Monday. The stock has a 50-day moving average price of $96.30 and a 200 day moving average price of $92.95. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the company earned $2.26 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider directly owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maamoun Rajeh sold 47,430 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 260,096 shares of company stock worth $24,530,685 in the last quarter. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.