Bancreek Capital Management LP Cuts Stake in Arch Capital Group Ltd. $ACGL

Bancreek Capital Management LP trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 41.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,366 shares of the insurance provider’s stock after selling 11,745 shares during the quarter. Arch Capital Group makes up about 6.8% of Bancreek Capital Management LP’s portfolio, making the stock its 7th biggest position. Bancreek Capital Management LP’s holdings in Arch Capital Group were worth $1,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Arch Capital Group during the 4th quarter valued at $463,208,000. AQR Capital Management LLC increased its stake in Arch Capital Group by 184.1% in the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after purchasing an additional 1,730,487 shares during the period. Fiduciary Management Inc. WI bought a new stake in shares of Arch Capital Group during the fourth quarter worth $106,683,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Arch Capital Group by 572.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after purchasing an additional 1,080,049 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after purchasing an additional 1,016,919 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Up 1.5%

NASDAQ:ACGL opened at $100.04 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $105.09. The company has a 50-day moving average of $94.94 and a 200 day moving average of $95.59. The firm has a market cap of $34.95 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 4.90 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion for the quarter. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on ACGL shares. Keefe, Bruyette & Woods cut their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research note on Wednesday. Citigroup lifted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Barclays upped their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.39.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

About Arch Capital Group

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.