Arch Capital Group Ltd. $ACGL Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,259,582 shares of the insurance provider’s stock after acquiring an additional 210,609 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Arch Capital Group were worth $208,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Horizons Wealth Management acquired a new position in shares of Arch Capital Group in the third quarter worth $25,000. Torren Management LLC raised its holdings in shares of Arch Capital Group by 66.9% during the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Continuum Advisory LLC acquired a new stake in Arch Capital Group during the second quarter valued at $46,000. MidFirst Bank acquired a new stake in Arch Capital Group during the fourth quarter valued at $46,000. Finally, Allied Private Wealth LLC acquired a new stake in Arch Capital Group during the second quarter valued at $69,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

ACGL stock opened at $101.29 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $34.56 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 3.02 and a beta of 0.28. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $107.08. The firm has a 50 day moving average of $97.27 and a two-hundred day moving average of $96.79.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.70 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho set a $100.00 target price on Arch Capital Group and gave the company a “neutral” rating in a research note on Wednesday, September 16th. Cantor Fitzgerald cut their price target on Arch Capital Group from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $107.00 price target (down from $117.00) on shares of Arch Capital Group in a research note on Monday, October 12th. UBS Group reiterated a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Finally, Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.39.

Insider Activity

In related news, CFO Francois Morin sold 11,010 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.