Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Capital International Investors

Capital International Investors grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 61.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 4,112,577 shares of the insurance provider’s stock after buying an additional 1,560,173 shares during the period. Capital International Investors’ holdings in Arch Capital Group were worth $380,167,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $33,000. CVA Family Office LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $47,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Arch Capital Group in the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $2.44 during trading hours on Friday, reaching $96.91. The company’s stock had a trading volume of 1,108,389 shares, compared to its average volume of 1,667,425. The stock has a market cap of $36.39 billion, a PE ratio of 7.65, a PEG ratio of 1.61 and a beta of 0.58. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The company’s 50-day moving average is $99.59 and its two-hundred day moving average is $92.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS. Analysts forecast that Arch Capital Group Ltd. will post 8.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ACGL shares. Morgan Stanley boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Bank of America dropped their price target on 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. JPMorgan Chase & Co. upped their target price on Arch Capital Group from $96.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. JMP Securities increased their target price on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.87.

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.