Cim LLC Acquires 179 Shares of Arch Capital Group Ltd. $ACGL

Cim LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,373 shares of the insurance provider’s stock after acquiring an additional 179 shares during the period. Cim LLC’s holdings in Arch Capital Group were worth $1,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ACGL. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at $27,000. Meeder Asset Management Inc. increased its position in shares of Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Arch Capital Group in the 1st quarter valued at $37,000. Institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction 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 represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Price Performance

ACGL stock opened at $92.29 on Friday. The stock has a 50-day moving average price of $89.77 and a two-hundred day moving average price of $91.36. The stock has a market cap of $34.44 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 5.55 and a beta of 0.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on ACGL shares. Citigroup started coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 price objective for the company. Cantor Fitzgerald upgraded shares of Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Cowen restated a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.27.

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.