Choreo LLC Has $3.09 Million Position in Arch Capital Group Ltd. $ACGL

Choreo LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 30.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,908 shares of the insurance provider’s stock after buying an additional 7,909 shares during the period. Choreo LLC’s holdings in Arch Capital Group were worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Arch Capital Group in the first quarter worth approximately $399,651,000. JPMorgan Chase & Co. raised its holdings in Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after purchasing an additional 1,743,945 shares during the last quarter. GQG Partners LLC acquired a new position in shares of Arch Capital Group in the 1st quarter worth approximately $71,769,000. Champlain Investment Partners LLC lifted its position in shares of Arch Capital Group by 109.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,045,262 shares of the insurance provider’s stock worth $95,171,000 after purchasing an additional 545,777 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Arch Capital Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after purchasing an additional 493,583 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 0.8%

NASDAQ ACGL opened at $94.40 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $101.66. The business has a 50 day moving average price of $89.86 and a 200-day moving average price of $90.44. The company has a market cap of $34.23 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter last year, the firm posted $1.99 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACGL. Morgan Stanley lifted their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Finally, Wolfe Research initiated coverage on Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $106.58.

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.