Vestmark Advisory Solutions Inc. Makes New Investment in Arch Capital Group Ltd. $ACGL

Vestmark Advisory Solutions Inc. bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,707 shares of the insurance provider’s stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACGL. Meeder Asset Management Inc. raised its stake in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after buying an additional 150 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at about $37,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 414 shares during the period. Hemington Wealth Management lifted its holdings in shares of Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Up 0.3%

Shares of NASDAQ ACGL opened at $92.06 on Thursday. The company has a 50 day simple moving average of $89.32 and a 200 day simple moving average of $90.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.56. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $102.37. The firm has a market cap of $33.38 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the business earned $1.99 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACGL. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wolfe Research started coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

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.