Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 874.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953 shares of the insurance provider’s stock after acquiring an additional 2,650 shares during the period. Brown Brothers Harriman & Co.’s holdings in Arch Capital Group were worth $298,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Gladstone Capital Management LLP grew its holdings 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 acquiring an additional 478,570 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Arch Capital Group by 61.6% during the 4th 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 acquiring an additional 1,216,080 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Arch Capital Group by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after acquiring an additional 21,332 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in Arch Capital Group by 42.2% during the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock worth $5,045,000 after acquiring an additional 16,208 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Arch Capital Group by 2.3% during the 4th quarter. Stifel Financial Corp now owns 910,445 shares of the insurance provider’s stock worth $67,619,000 after acquiring an additional 20,832 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACGL. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Roth Mkm lifted their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Citigroup lifted their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.93.

Arch Capital Group Stock Down 0.8 %

ACGL stock opened at $113.04 on Thursday. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.69. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The firm’s 50-day moving average is $103.22 and its two-hundred day moving average is $98.52. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

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

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

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.