Gunderson Capital Management Inc. Sells 192 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Gunderson Capital Management Inc. cut its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,028 shares of the insurance provider’s stock after selling 192 shares during the quarter. Arch Capital Group comprises 1.9% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 19th biggest position. Gunderson Capital Management Inc.’s holdings in Arch Capital Group were worth $4,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Elo Mutual Pension Insurance Co grew its position in shares of Arch Capital Group by 4.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 32,423 shares of the insurance provider’s stock worth $2,408,000 after buying an additional 1,315 shares during the last quarter. Unigestion Holding SA purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $461,000. Nebula Research & Development LLC purchased a new stake in Arch Capital Group during the fourth quarter valued at $1,195,000. Credit Capital Investments LLC purchased a new position in Arch Capital Group during the fourth quarter valued at approximately $493,000. Finally, LM Advisors LLC bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $310,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’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 completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ACGL has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Citigroup boosted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Bank of America reduced their price objective on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.29.

Arch Capital Group Stock Up 1.5 %

ACGL traded up $1.70 during trading on Wednesday, hitting $111.61. The company had a trading volume of 539,260 shares, compared to its average volume of 1,607,351. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. 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 cap of $41.91 billion, a PE ratio of 8.67, a P/E/G ratio of 2.06 and a beta of 0.59. The business has a 50-day moving average of $107.92 and a 200-day moving average of $100.90.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

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.