Bryce Point Capital LLC Invests $691,000 in Arch Capital Group Ltd. $ACGL

Bryce Point Capital LLC bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,584 shares of the insurance provider’s stock, valued at approximately $691,000.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group during the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 acquiring an additional 414 shares in the last quarter. Finally, Hemington Wealth Management boosted its stake in shares of 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 acquiring an additional 119 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.4%

Shares of Arch Capital Group stock opened at $86.00 on Tuesday. The firm has a market capitalization of $32.10 billion, a PE ratio of 8.04, a P/E/G ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.17. The firm’s 50-day moving average price is $89.65 and its 200 day moving average price is $90.53. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last issued 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 $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the company posted $1.99 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s 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 transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACGL shares. Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Wolfe Research started coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.64.

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.