Edgestream Partners L.P. Invests $1.08 Million in Arch Capital Group Ltd. (NASDAQ:ACGL)

Edgestream Partners L.P. purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,675 shares of the insurance provider’s stock, valued at approximately $1,077,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. bought a new position in Arch Capital Group in the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA lifted its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Richardson Financial Services Inc. bought a new position in Arch Capital Group in the 4th quarter valued at approximately $33,000. Rothschild Investment LLC bought a new position in Arch Capital Group in the 2nd quarter valued at approximately $35,000. Finally, LRI Investments LLC bought a new position in Arch Capital Group in the 1st quarter valued at approximately $38,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

ACGL opened at $113.24 on Friday. 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 company has a fifty day moving average of $103.82 and a 200-day moving average of $98.71. The stock has a market cap of $42.59 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.89 billion. During the same period in the prior year, the company posted $1.92 earnings per share. Arch Capital Group’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The shares were 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 owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACGL. Barclays began coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup upped their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report 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, Bank of America decreased their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $113.73.

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.