Sienna Gestion Acquires 498 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Sienna Gestion increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,472 shares of the insurance provider’s stock after acquiring an additional 498 shares during the quarter. Sienna Gestion’s holdings in Arch Capital Group were worth $451,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after purchasing an additional 104,008 shares during the last quarter. Capital World Investors increased its holdings in Arch Capital Group by 0.6% during the 4th quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock worth $788,086,000 after acquiring an additional 58,862 shares during the period. Principal Financial Group Inc. increased its holdings in Arch Capital Group by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock worth $716,415,000 after acquiring an additional 300,716 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock worth $546,054,000 after purchasing an additional 99,329 shares in the last quarter. Finally, Capital International Investors boosted its stake in Arch Capital Group by 61.1% during the first 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 period. 89.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 0.8 %

Shares of ACGL opened at $113.04 on Thursday. The stock has a market capitalization of $42.51 billion, a P/E ratio of 8.92, a PEG ratio of 2.00 and a beta of 0.60. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $103.22 and a two-hundred day simple moving average of $98.52.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $1.92 earnings per share. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Analyst Ratings Changes

ACGL has been the topic of several recent analyst reports. Evercore ISI raised their price target on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. JMP Securities raised their price objective on Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.93.

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.