Edgestream Partners L.P. Makes New Investment in Arch Capital Group Ltd. $ACGL

Edgestream Partners L.P. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,501 shares of the insurance provider’s stock, valued at approximately $3,141,000.

A number of other large investors have also recently modified their holdings of ACGL. Harbour Investments Inc. increased its holdings in Arch Capital Group by 8.4% during the 1st quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 111 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Arch Capital Group by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,424 shares of the insurance provider’s stock worth $6,677,000 after buying an additional 576 shares in the last quarter. Hemington Wealth Management grew its position in shares of 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 buying an additional 119 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new position in shares of Arch Capital Group during the first quarter valued at $6,564,000. Finally, Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 74.5% in the first quarter. Y.D. More Investments Ltd now owns 815 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.4%

NASDAQ ACGL opened at $92.39 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $33.50 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. The company has a 50 day moving average price of $90.19 and a 200 day moving average price of $90.41. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $99.31.

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

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Roth Capital set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their target price on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.85.

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.