Arch Capital Group Ltd. (NASDAQ:ACGL) Position Decreased by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,450 shares of the insurance provider’s stock after selling 134 shares during the quarter. IFM Investors Pty Ltd’s holdings in Arch Capital Group were worth $9,336,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. purchased a new position in Arch Capital Group in the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA lifted its position 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 valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the 2nd quarter worth approximately $35,000. LRI Investments LLC purchased a new position in Arch Capital Group during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc raised its stake in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $107.04 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $110.69 and a 200-day simple moving average of $102.24. The stock has a market capitalization of $40.25 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 2.00 and a beta of 0.59. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47.

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, topping analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 9.06 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ACGL shares. Citigroup upped their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their target price on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. TD Cowen upped their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JMP Securities lifted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Finally, 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 target on the stock. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.53.

Insider Buying and Selling at Arch Capital Group

In other 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 transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

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.