Andra AP fonden Has $155,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Andra AP fonden reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 98.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the insurance provider’s stock after selling 82,800 shares during the quarter. Andra AP fonden’s holdings in Arch Capital Group were worth $155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its position in Arch Capital Group by 12.4% in the first quarter. New York State Common Retirement Fund now owns 472,450 shares of the insurance provider’s stock worth $45,440,000 after purchasing an additional 52,198 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Arch Capital Group by 9.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 34,987 shares of the insurance provider’s stock valued at $3,365,000 after purchasing an additional 3,158 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Arch Capital Group by 9.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 658,813 shares of the insurance provider’s stock worth $63,365,000 after purchasing an additional 57,297 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of Arch Capital Group by 42.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock worth $4,331,000 after buying an additional 13,357 shares during the last quarter. Finally, Connecticut Wealth Management LLC bought a new position in Arch Capital Group during the first quarter valued at about $6,173,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $89.57 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.17. The stock has a market cap of $33.43 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The stock has a fifty day moving average of $89.39 and a 200-day moving average of $90.43.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.76 by $1.01. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter last year, the company earned $1.99 EPS. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ACGL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company reduced their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.00.

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.