WINTON GROUP Ltd Takes Position in Arch Capital Group Ltd. $ACGL

WINTON GROUP Ltd purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,650 shares of the insurance provider’s stock, valued at approximately $4,625,000.

Other institutional investors have also modified their holdings of the company. Triad Investment Management acquired a new position in Arch Capital Group during the 2nd quarter worth $2,030,000. Cidel Asset Management Inc. purchased a new position in shares of Arch Capital Group in the 2nd quarter valued at about $207,000. Squarepoint Ops LLC grew its position in shares of Arch Capital Group by 2,311.0% during the second quarter. Squarepoint Ops LLC now owns 229,096 shares of the insurance provider’s stock worth $22,236,000 after buying an additional 219,594 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Arch Capital Group by 1.3% during the second quarter. Baird Financial Group Inc. now owns 57,678 shares of the insurance provider’s stock worth $5,598,000 after buying an additional 751 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Arch Capital Group by 1.1% during the second quarter. Arizona State Retirement System now owns 99,594 shares of the insurance provider’s stock worth $9,667,000 after buying an additional 1,060 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.1%

ACGL opened at $96.20 on Friday. The business’s 50-day simple moving average is $99.96 and its 200-day simple moving average is $96.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08. The stock has a market capitalization of $32.83 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 4.73 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same period in the prior year, the firm earned $2.58 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACGL shares. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Wednesday, July 29th. Cantor Fitzgerald raised their price objective on shares of Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Mizuho boosted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, UBS Group reissued a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $111.11.

Insider Activity

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

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.