Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Lifted by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,613 shares of the insurance provider’s stock after acquiring an additional 2,115 shares during the quarter. Arch Capital Group comprises about 0.5% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. SkyView Investment Advisors LLC’s holdings in Arch Capital Group were worth $2,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA raised its stake in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 106 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 117 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Arch Capital Group by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the 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 transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ACGL shares. Royal Bank of Canada raised their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JMP Securities raised their price objective on Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 31st. Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.73.

Arch Capital Group Stock Up 0.7 %

ACGL stock opened at $113.41 on Friday. The company has a 50 day moving average of $105.74 and a two-hundred day moving average of $99.82. The company has a market cap of $42.58 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 2.05 and a beta of 0.60. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-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.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company earned $1.92 earnings per share. Arch Capital Group’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

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.