Arch Capital Group Ltd. $ACGL Stock Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 23.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,057 shares of the insurance provider’s stock after selling 5,635 shares during the period. Generali Asset Management SPA SGR’s holdings in Arch Capital Group were worth $1,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Capital Management Inc. lifted its stake 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 acquiring an additional 116 shares during the last quarter. Torren Management LLC grew its position in Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. V Square Quantitative Management LLC grew its position 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 worth $907,000 after acquiring an additional 123 shares in the last quarter. Signaturefd LLC increased its stake in shares of Arch Capital Group by 2.8% during the 3rd quarter. Signaturefd LLC now owns 5,186 shares of the insurance provider’s stock worth $479,000 after purchasing an additional 140 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its stake in shares of Arch Capital Group by 1.4% during the 1st quarter. Personal CFO Solutions LLC now owns 10,238 shares of the insurance provider’s stock worth $983,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Arch Capital Group News Summary

Here are the key news stories impacting Arch Capital Group this week:

• Positive Sentiment: Analyst price targets increased: Citigroup raised its target from $122.50 to $125 and maintained a “Buy” rating, implying substantial upside from the current trading level. Jefferies also lifted its target from $102 to $106. Citigroup raises Arch Capital price target Jefferies raises Arch Capital price target
• Positive Sentiment: Quarterly earnings beat expectations: Arch Capital reported third-quarter EPS of $2.67 versus the $2.31 consensus estimate, while revenue of $4.66 billion exceeded expectations of $4.06 billion. Higher investment income was the primary earnings benefit. Arch Capital Q3 earnings beat estimates
• Positive Sentiment: Management and business update: The company highlighted ongoing operating performance in an update involving its board, reinforcing investor confidence in Arch Capital’s specialty insurance and reinsurance platform. Arch Capital board change and performance update
• Neutral Sentiment: Analyst views remain mixed: While several firms see additional upside, coverage of ACGL reflects differing opinions about valuation, growth, and insurance-market conditions. Analyst sentiment on Arch Capital
• Negative Sentiment: Core underwriting results faced pressure: Lower premiums, higher catastrophe losses, and weaker underwriting offset part of the investment-income benefit, creating concerns about the durability of earnings growth. Arch Capital Q3 earnings call transcript

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent research reports. Mizuho set a $100.00 price target on shares of Arch Capital Group and gave the company a “neutral” rating in a report on Wednesday, September 16th. Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a report on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and set a $107.00 target price (down from $117.00) on shares of Arch Capital Group in a research report on Monday, October 12th. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. cut their target price on Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $108.79.

Arch Capital Group Trading Up 1.4%

Arch Capital Group stock opened at $103.94 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 0.56. The business’s 50-day simple moving average is $97.80 and its 200-day simple moving average is $96.70. The firm has a market capitalization of $35.47 billion, a PE ratio of 8.50, a PEG ratio of 3.03 and a beta of 0.28. Arch Capital Group Ltd. has a 52 week low of $84.69 and a 52 week high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, October 27th. The insurance provider reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.36. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.06 billion. Arch Capital Group had a return on equity of 16.62% and a net margin of 23.31%. During the same quarter in the prior year, the company earned $2.77 EPS. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.86 earnings per share for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.