Arch Capital Group Ltd. $ACGL Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 4,087,514 shares of the insurance provider’s stock after acquiring an additional 90,824 shares during the period. Invesco Ltd.’s holdings in Arch Capital Group were worth $372,168,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. grew its stake in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 111 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the period. TIAA Trust National Association boosted its stake in shares of Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock valued at $354,000 after buying an additional 116 shares during the period. Park National Corp OH grew its position in shares of Arch Capital Group by 4.4% during the second quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock worth $261,000 after buying an additional 120 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Arch Capital Group by 3.7% during the first quarter. Ancora Advisors LLC now owns 3,360 shares of the insurance provider’s stock worth $323,000 after buying an additional 121 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Cantor Fitzgerald reissued a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Wolfe Research began coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Barclays set a $99.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $106.85.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 0.7%

NASDAQ ACGL opened at $91.72 on Friday. The firm’s fifty day moving average price is $90.21 and its 200 day moving average price is $90.39. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $98.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $33.26 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly 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. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the company earned $1.99 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.