Madison Investment Holdings Inc. lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 236.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,182,451 shares of the insurance provider’s stock after purchasing an additional 1,534,255 shares during the quarter. Arch Capital Group comprises 1.0% of Madison Investment Holdings Inc.’s portfolio, making the stock its 25th biggest holding. Madison Investment Holdings Inc. owned about 0.54% of Arch Capital Group worth $57,748,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP purchased a new position in Arch Capital Group during the 1st quarter valued at $141,000. Alps Advisors Inc. purchased a new position in Arch Capital Group during the 2nd quarter valued at $203,000. Delpha Capital Management LLC purchased a new position in Arch Capital Group during the 1st quarter valued at $240,000. Schroder Investment Management Group purchased a new position in Arch Capital Group during the 1st quarter valued at $242,000. Finally, Jane Street Group LLC purchased a new position in Arch Capital Group during the 1st quarter valued at $292,000. Hedge funds and other institutional investors own 31.23% of the company’s stock.

In other Arch Capital Group news, CEO Andrew Rippert sold 6,170 shares of the company’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $80.88, for a total value of $499,029.60. Following the completion of the sale, the chief executive officer now directly owns 33,489 shares in the company, valued at approximately $2,708,590.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 1,938 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $83.11, for a total value of $161,067.18. Following the completion of the sale, the chief financial officer now owns 8,902 shares of the company’s stock, valued at $739,845.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

ACGL has been the subject of a number of recent analyst reports. TheStreet upgraded Arch Capital Group from a “c” rating to a “b-” rating in a report on Monday, July 30th. Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, July 10th. BidaskClub cut Arch Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Royal Bank of Canada restated a “buy” rating on shares of Arch Capital Group in a report on Thursday, August 2nd. Finally, Wells Fargo & Co set a $10.67 price objective on Arch Capital Group and gave the company a “hold” rating in a report on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.33.

Shares of ACGL stock opened at $30.63 on Monday. Arch Capital Group Ltd. has a twelve month low of $25.71 and a twelve month high of $34.20. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business earned $1.21 EPS. equities analysts forecast that Arch Capital Group Ltd. will post 2.23 EPS for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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