Voya Investment Management LLC Boosts Stock Position in Arch Capital Group Ltd. $ACGL

Voya Investment Management LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,260 shares of the insurance provider’s stock after buying an additional 2,055 shares during the period. Voya Investment Management LLC’s holdings in Arch Capital Group were worth $11,663,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in Arch Capital Group in the 4th quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Arch Capital Group in the first quarter worth $27,000. Meeder Asset Management Inc. grew its position in shares of 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 in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group during the 1st quarter worth $37,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $87.38 on Wednesday. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $32.61 billion, a P/E ratio of 9.02, a P/E/G ratio of 5.50 and a beta of 0.51. The stock’s fifty day moving average is $89.79 and its two-hundred day moving average is $91.33.

Arch Capital Group (NASDAQ:ACGL) last posted 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. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group cut Arch Capital Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. UBS Group reaffirmed a “buy” rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Citigroup assumed coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.27.

Arch Capital Group Company Profile

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.