3Chopt Investment Partners LLC Has $3.56 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

3Chopt Investment Partners LLC reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,288 shares of the insurance provider’s stock after selling 2,527 shares during the quarter. Arch Capital Group accounts for about 1.1% of 3Chopt Investment Partners LLC’s holdings, making the stock its 16th biggest holding. 3Chopt Investment Partners LLC’s holdings in Arch Capital Group were worth $3,560,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors raised its holdings in Arch Capital Group by 61.1% in the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after buying an additional 1,560,173 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Arch Capital Group by 61.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Arch Capital Group by 11.4% in the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after purchasing an additional 693,608 shares during the period. Gladstone Capital Management LLP raised its position in Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after purchasing an additional 478,570 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new position in Arch Capital Group during the 2nd quarter worth about $48,119,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Roth Mkm increased their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup lifted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JMP Securities upped their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lowered their price objective on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.73.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $111.88 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $106.05 and a 200 day simple moving average of $100.03. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $114.69. The company has a market cap of $42.01 billion, a P/E ratio of 8.83, a PEG ratio of 2.05 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results 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 business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

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.