Arch Capital Group Ltd. (NASDAQ:ACGL) Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,049 shares of the insurance provider’s stock after acquiring an additional 6,201 shares during the period. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $10,858,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital International Investors boosted its holdings in shares of 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 worth $380,167,000 after purchasing an additional 1,560,173 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of 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 valued at $237,017,000 after acquiring an additional 1,216,080 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Arch Capital Group by 11.4% in the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after acquiring an additional 693,608 shares during the last quarter. Gladstone Capital Management LLP raised its holdings in shares of Arch Capital Group by 52.8% during the fourth 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. Finally, Brandes Investment Partners LP acquired a new stake in Arch Capital Group during the second quarter valued at $48,119,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

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 sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $107.79 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company has a fifty day moving average price of $107.68 and a 200 day moving average price of $100.76. The stock has a market cap of $40.47 billion, a P/E ratio of 8.51, a PEG ratio of 2.06 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating 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 business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company earned $1.92 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACGL. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI raised their price target on shares of 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 shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Wells Fargo & Company cut their target price on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, JMP Securities upped their price target 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. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $115.07.

Arch Capital Group 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.