Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 25.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,459 shares of the insurance provider’s stock after buying an additional 4,753 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Arch Capital Group were worth $2,367,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. bought a new position in Arch Capital Group during the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA lifted its stake in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new position in Arch Capital Group during the first quarter worth $38,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 11,460 shares of the company’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 value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 1.6 %

ACGL opened at $113.24 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69. The company 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. The company has a 50-day moving average price of $103.82 and a 200 day moving average price of $98.71.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. TD Cowen raised their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

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.