Arch Capital Group Ltd. $ACGL Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 20.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,750 shares of the insurance provider’s stock after acquiring an additional 8,256 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Arch Capital Group were worth $4,332,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Arch Capital Group by 1.2% in the second quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after purchasing an additional 493,583 shares during the period. Artisan Partners Limited Partnership raised its position in Arch Capital Group by 1.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after purchasing an additional 408,950 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Arch Capital Group by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock valued at $952,523,000 after buying an additional 115,465 shares during the period. JPMorgan Chase & Co. grew its position in shares of Arch Capital Group by 4.8% during the second quarter. JPMorgan Chase & Co. now owns 7,830,301 shares of the insurance provider’s stock worth $712,956,000 after buying an additional 359,710 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Arch Capital Group during the second quarter worth approximately $441,551,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.8%

Shares of Arch Capital Group stock opened at $94.17 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $93.80 and a 200-day simple moving average of $91.08. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.96 and a beta of 0.45. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $97.60.

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, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent research reports. Evercore ISI set a $100.00 price target on shares of Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, January 21st. Royal Bank Of Canada set a $108.00 target price on Arch Capital Group and gave the company an “outperform” rating in a report on Monday, November 24th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a report on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.53.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the sale, the insider directly owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 220,666 shares of company stock worth $20,728,673 in the last quarter. Insiders own 4.10% 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.