Arch Capital Group Ltd. $ACGL Stock Position Reduced by Elm3 Financial Group LLC

Elm3 Financial Group LLC trimmed its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,460 shares of the insurance provider’s stock after selling 1,483 shares during the quarter. Elm3 Financial Group LLC’s holdings in Arch Capital Group were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ACGL. JPMorgan Chase & Co. boosted its holdings in Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after purchasing an additional 1,743,945 shares during the period. Northern Trust Corp lifted its position in shares of Arch Capital Group by 3.0% in the 1st quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider’s stock worth $481,457,000 after buying an additional 144,986 shares during the last quarter. Madison Asset Management LLC boosted its holdings in shares of Arch Capital Group by 9.0% in the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider’s stock valued at $465,281,000 after buying an additional 397,857 shares during the period. Egerton Capital UK LLP grew its position in shares of Arch Capital Group by 8.5% during the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider’s stock valued at $415,999,000 after buying an additional 337,245 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Arch Capital Group by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,176,984 shares of the insurance provider’s stock worth $401,710,000 after acquiring an additional 26,160 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 0.6%

NASDAQ:ACGL opened at $91.35 on Tuesday. The stock has a market cap of $34.09 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 5.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The business has a fifty day moving average of $90.11 and a 200-day moving average of $91.10.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter in the prior year, the company posted $2.57 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ACGL shares. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Citigroup assumed coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $113.00 price objective for the company. Wolfe Research initiated coverage on Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Cowen reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.36.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.10% of the stock is owned by company insiders.

Arch Capital Group Profile

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.