Los Angeles Capital Management LLC Grows Stock Holdings in Arch Capital Group Ltd. $ACGL

Los Angeles Capital Management LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 844.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,030 shares of the insurance provider’s stock after purchasing an additional 33,110 shares during the period. Los Angeles Capital Management LLC’s holdings in Arch Capital Group were worth $3,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after acquiring an additional 1,743,945 shares in the last quarter. Northern Trust Corp lifted its stake in Arch Capital Group by 3.0% during the first quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider’s stock worth $481,457,000 after purchasing an additional 144,986 shares during the last quarter. Madison Asset Management LLC boosted its holdings in Arch Capital Group by 9.0% in the first quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider’s stock valued at $465,281,000 after purchasing an additional 397,857 shares in the last quarter. Egerton Capital UK LLP increased its stake in Arch Capital Group by 8.5% in the first quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider’s stock valued at $415,999,000 after purchasing an additional 337,245 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $401,710,000 after purchasing an additional 26,160 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $89.79 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.56. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The firm’s fifty day moving average price is $89.36 and its 200 day moving average price is $90.40. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $102.50.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter in the prior year, the firm earned $1.99 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In related 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 of the company’s stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent analyst reports. UBS Group restated a “buy” rating and set a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted 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 report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Barclays set a $99.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.00.

Arch Capital Group Company 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.