Robeco Institutional Asset Management B.V. Purchases 47,435 Shares of Arch Capital Group Ltd. $ACGL

Robeco Institutional Asset Management B.V. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.1% during the 2nd quarter, Holdings Channel reports. The firm owned 516,636 shares of the insurance provider’s stock after acquiring an additional 47,435 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Arch Capital Group were worth $47,040,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ACGL. Harbour Investments Inc. raised its holdings in Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock valued at $138,000 after acquiring an additional 111 shares during the period. Resonant Capital Advisors LLC raised its stake in Arch Capital Group by 1.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock valued at $642,000 after purchasing an additional 113 shares during the period. Venturi Wealth Management LLC lifted its holdings in Arch Capital Group by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider’s stock worth $1,272,000 after purchasing an additional 115 shares in the last quarter. Hemington Wealth Management boosted its stake in Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 119 shares during the period. Finally, Horizon Advisory Services Inc. boosted its stake in Arch Capital Group by 4.2% in the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock worth $288,000 after purchasing an additional 120 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 1.9%

Shares of NASDAQ ACGL opened at $90.79 on Friday. 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 12-month low of $82.49 and a 12-month high of $116.47. The firm’s 50-day moving average price is $90.01 and its 200-day moving average price is $91.13. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 5.45 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $2.57 earnings per share. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider owned 433,589 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group reiterated 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. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Cowen restated a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a report on Saturday, September 27th. Finally, Citigroup assumed coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $113.00 price target for the company. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.36.

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.