Arch Capital Group Ltd. $ACGL Shares Acquired by Aviva PLC

Aviva PLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,148 shares of the insurance provider’s stock after purchasing an additional 23,814 shares during the period. Aviva PLC owned about 0.08% of Arch Capital Group worth $26,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Meeder Asset Management Inc. increased its position in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group during the first quarter valued at $37,000. Caitong International Asset Management Co. Ltd increased its position in Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares in the last quarter. Hemington Wealth Management increased its position in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 119 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. Wells Fargo & Company reduced their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $109.00.

Arch Capital Group Stock Up 2.1%

Shares of NASDAQ ACGL opened at $89.57 on Monday. The stock has a market capitalization of $33.43 billion, a PE ratio of 8.38, a P/E/G ratio of 3.24 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $89.39 and a 200-day moving average of $90.42. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.17.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter last year, the firm earned $1.99 earnings per share. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by corporate insiders.

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.