Stephens Inc. AR Increases Holdings in Arch Capital Group Ltd. $ACGL

Stephens Inc. AR grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,556 shares of the insurance provider’s stock after acquiring an additional 402 shares during the period. Stephens Inc. AR’s holdings in Arch Capital Group were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in shares of Arch Capital Group by 4.6% in the second quarter. International Assets Investment Management LLC now owns 11,288 shares of the insurance provider’s stock worth $1,028,000 after purchasing an additional 493 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Arch Capital Group by 3.9% in the second quarter. William Blair Investment Management LLC now owns 752,324 shares of the insurance provider’s stock worth $68,499,000 after purchasing an additional 28,175 shares during the last quarter. VELA Investment Management LLC increased its holdings in shares of Arch Capital Group by 5.0% in the second quarter. VELA Investment Management LLC now owns 56,820 shares of the insurance provider’s stock worth $5,173,000 after purchasing an additional 2,726 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its holdings in shares of Arch Capital Group by 4.0% in the second quarter. AssuredPartners Investment Advisors LLC now owns 8,783 shares of the insurance provider’s stock worth $800,000 after purchasing an additional 338 shares during the last quarter. Finally, Oxbow Advisors LLC increased its holdings in shares of Arch Capital Group by 3.5% in the second quarter. Oxbow Advisors LLC now owns 44,582 shares of the insurance provider’s stock worth $4,059,000 after purchasing an additional 1,496 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 0.4%

ACGL opened at $87.15 on Friday. The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 5.06 and a beta of 0.47. The stock’s 50 day moving average price is $90.42 and its 200-day moving average price is $90.77. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $107.19. 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 (NASDAQ:ACGL) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same quarter in the prior year, the firm posted $2.57 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays set a $99.00 target price on Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wolfe Research initiated coverage on Arch Capital Group in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research note on Friday. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price objective on Arch Capital Group from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.71.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company’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 transaction of $941,500.00. Following the transaction, the insider owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

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.