Arch Capital Group Ltd. $ACGL Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 550.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 109,984 shares of the insurance provider’s stock after purchasing an additional 93,067 shares during the quarter. Osaic Holdings Inc.’s holdings in Arch Capital Group were worth $10,513,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Arch Capital Group by 3,450.0% during the second 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 during the period. TD Waterhouse Canada Inc. grew its position in shares of Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 during the period. Neo Ivy Capital Management purchased a new stake in Arch Capital Group in the 2nd quarter valued at $73,000. Finally, SVB Wealth LLC purchased a new position in Arch Capital Group during the 1st quarter worth $81,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ACGL shares. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Morgan Stanley boosted their price target on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Wolfe Research initiated coverage on Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.00.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $96.20 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $90.77 and a 200-day simple moving average of $90.39. The company has a market cap of $34.89 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $97.40.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The firm had revenue of $5.11 billion for 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 period in the previous year, the business earned $1.99 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider owned 289,556 shares in the company, valued at $27,267,488.52. The trade was a 2.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,666 shares of company stock worth $20,728,673 over the last 90 days. Insiders own 4.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.