Brandes Investment Partners LP Invests $48.12 Million in Arch Capital Group Ltd. (NASDAQ:ACGL)

Brandes Investment Partners LP acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 476,907 shares of the insurance provider’s stock, valued at approximately $48,119,000. Brandes Investment Partners LP owned 0.13% of Arch Capital Group as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA boosted its holdings in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the second quarter worth approximately $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group in the first quarter valued at $40,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at $33,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $113.41 on Monday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $114.69. The business’s 50-day moving average price is $105.74 and its two-hundred day moving average price is $99.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $42.58 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACGL shares. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. JMP Securities upped their price objective on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 31st. Bank of America dropped their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Roth Mkm upped their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.73.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by company insiders.

About Arch Capital Group

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.