Quantitative Investment Management LLC Acquires Shares of 8,096 Arch Capital Group Ltd. $ACGL

Quantitative Investment Management LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,096 shares of the insurance provider’s stock, valued at approximately $785,000.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Arch Capital Group in the 2nd quarter worth about $253,000. CW Advisors LLC increased its stake in Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after buying an additional 189 shares during the last quarter. Jump Financial LLC bought a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $667,000. Finally, Cerity Partners LLC lifted its position in shares of Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the sale, the chief financial officer directly owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arch Capital Group in a research report on Thursday, August 13th. Mizuho upped their price objective on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald raised their target price on Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $111.11.

Arch Capital Group Trading Up 0.6%

Shares of ACGL stock opened at $98.61 on Wednesday. The company has a 50 day moving average of $99.97 and a 200-day moving average of $96.78. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.08. The firm has a market cap of $33.65 billion, a P/E ratio of 7.71, a PEG ratio of 4.83 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.44 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.