Maren Capital LLC Acquires 39,381 Shares of Arch Capital Group Ltd. $ACGL

Maren Capital LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,135,594 shares of the insurance provider’s stock after buying an additional 39,381 shares during the period. Arch Capital Group makes up about 5.9% of Maren Capital LLC’s investment portfolio, making the stock its 7th biggest position. Maren Capital LLC’s holdings in Arch Capital Group were worth $108,926,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Arch Capital Group in the second quarter valued at approximately $253,000. CW Advisors LLC increased its stake in Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares in the last quarter. Jump Financial LLC bought a new stake in Arch Capital Group in the second quarter valued at approximately $667,000. Finally, Cerity Partners LLC increased its stake in Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Shares of ACGL opened at $91.66 on Monday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The firm has a fifty day simple moving average of $94.45 and a 200 day simple moving average of $95.03. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 4.58 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Research analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a research report on Friday, May 1st. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Barclays increased their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group has an average rating of “Hold” and a consensus target price of $106.81.

Insiders Place Their Bets

In other news, Director Daniel Joseph Houston purchased 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 completion of the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Company 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.