174,981 Shares in Arch Capital Group Ltd. $ACGL Purchased by SEB Asset Management AB

SEB Asset Management AB purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 174,981 shares of the insurance provider’s stock, valued at approximately $16,796,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Daymark Wealth Partners LLC increased its stake in shares of Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after acquiring an additional 112 shares during the last quarter. Twin Capital Management Inc. grew its holdings in Arch Capital Group by 1.4% in the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock valued at $785,000 after purchasing an additional 116 shares during the period. V Square Quantitative Management LLC grew its holdings in Arch Capital Group by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.5%

Shares of NASDAQ:ACGL opened at $101.83 on Tuesday. The company has a market capitalization of $35.58 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.31. The company has a 50 day moving average of $95.25 and a two-hundred day moving average of $95.66. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $105.09. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ACGL shares. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley boosted their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a report on Wednesday, July 8th. Citigroup increased their target price on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.82.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.