Martingale Asset Management L P boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,250 shares of the insurance provider’s stock after purchasing an additional 49,150 shares during the period. Martingale Asset Management L P’s holdings in Arch Capital Group were worth $10,545,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. ETF Managers Group LLC increased its holdings in Arch Capital Group by 9.9% during the 1st quarter. ETF Managers Group LLC now owns 5,017 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 451 shares in the last quarter. Mackenzie Financial Corp boosted its position in Arch Capital Group by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,044 shares of the insurance provider’s stock valued at $268,000 after buying an additional 558 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Arch Capital Group by 200.0% in the 1st quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock valued at $29,000 after buying an additional 632 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Arch Capital Group by 5.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,750 shares of the insurance provider’s stock valued at $477,000 after buying an additional 800 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its position in Arch Capital Group by 0.3% in the 1st quarter. Pictet North America Advisors SA now owns 264,535 shares of the insurance provider’s stock valued at $8,550,000 after buying an additional 903 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ACGL opened at $34.40 on Friday. Arch Capital Group Ltd. has a 12-month low of $24.79 and a 12-month high of $34.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $13.89 billion, a PE ratio of 15.64, a P/E/G ratio of 1.19 and a beta of 0.70.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Arch Capital Group had a return on equity of 10.24% and a net margin of 17.93%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $1.69 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts forecast that Arch Capital Group Ltd. will post 2.63 EPS for the current fiscal year.

A number of brokerages have commented on ACGL. BidaskClub upgraded Arch Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Morgan Stanley set a $32.00 price objective on Arch Capital Group and gave the company a “hold” rating in a research report on Friday, May 17th. Wells Fargo & Co reiterated a “hold” rating and issued a $32.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Zacks Investment Research lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, ValuEngine upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.67.

In other Arch Capital Group news, Director John D. Vollaro sold 11,500 shares of Arch Capital Group stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $34.15, for a total transaction of $392,725.00. Following the transaction, the director now directly owns 91,800 shares in the company, valued at $3,134,970. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Maamoun Rajeh sold 17,712 shares of Arch Capital Group stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $33.71, for a total value of $597,071.52. Following the transaction, the chief executive officer now owns 330,031 shares in the company, valued at $11,125,345.01. The disclosure for this sale can be found here. Insiders sold a total of 240,602 shares of company stock worth $8,105,388 over the last 90 days. 5.20% of the stock is owned by corporate insiders.

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Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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