Channing Global Advisors LLC Has $920,000 Stake in Arch Capital Group Ltd. $ACGL

Channing Global Advisors LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,109 shares of the insurance provider’s stock after selling 1,796 shares during the quarter. Arch Capital Group makes up about 0.6% of Channing Global Advisors LLC’s investment portfolio, making the stock its 29th largest position. Channing Global Advisors LLC’s holdings in Arch Capital Group were worth $920,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group in the first quarter valued at $37,000. Caitong International Asset Management Co. Ltd lifted its position in Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after buying an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares in the last quarter. Hemington Wealth Management grew its holdings in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $91.12 on Friday. The firm has a fifty day moving average of $89.91 and a two-hundred day moving average of $90.40. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $101.28. 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 (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, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the company earned $1.99 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research reports. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and an average price target of $106.58.

Arch Capital Group 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.