Arch Capital Group Ltd. $ACGL Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,453 shares of the insurance provider’s stock after buying an additional 9,062 shares during the period. Arch Capital Group comprises 2.0% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Smith Group Asset Management LLC owned about 0.09% of Arch Capital Group worth $31,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACGL. GAMMA Investing LLC raised its holdings in Arch Capital Group by 13.5% during the 1st quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider’s stock worth $806,000 after buying an additional 998 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Arch Capital Group by 0.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 62,844 shares of the insurance provider’s stock worth $6,044,000 after buying an additional 240 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Arch Capital Group by 6.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 19,899 shares of the insurance provider’s stock worth $1,914,000 after buying an additional 1,118 shares during the period. Asset Management One Co. Ltd. raised its holdings in Arch Capital Group by 6.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 169,080 shares of the insurance provider’s stock worth $16,262,000 after buying an additional 9,832 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Arch Capital Group by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 35,170 shares of the insurance provider’s stock worth $3,382,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $87.46 on Friday. The firm has a market cap of $32.64 billion, a PE ratio of 9.03, a PEG ratio of 5.09 and a beta of 0.47. The firm’s 50 day moving average price is $90.49 and its 200 day moving average price is $90.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $107.89.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm earned $2.57 earnings per share. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company upped their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Finally, Citigroup assumed coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $108.71.

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.