WCM Investment Management LLC Has $1.21 Billion Stock Position in Arch Capital Group Ltd. $ACGL

WCM Investment Management LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,525,402 shares of the insurance provider’s stock after buying an additional 171,693 shares during the period. Arch Capital Group makes up approximately 2.5% of WCM Investment Management LLC’s holdings, making the stock its 13th biggest position. WCM Investment Management LLC owned about 3.62% of Arch Capital Group worth $1,214,987,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quent Capital LLC acquired a new stake in shares of Arch Capital Group in the third quarter worth $37,000. Richardson Financial Services Inc. lifted its position in Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $39,000 after acquiring an additional 414 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $54,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

ACGL has been the subject of several research reports. Barclays set a $104.00 price objective on Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Morgan Stanley set a $125.00 price target on shares of Arch Capital Group in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, January 21st. Finally, Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and an average target price of $107.53.

Arch Capital Group Trading Up 0.7%

Shares of ACGL opened at $96.71 on Tuesday. 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 market cap of $35.07 billion, a PE ratio of 9.05, a PEG ratio of 2.02 and a beta of 0.45. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $97.60. The stock has a 50 day simple moving average of $94.05 and a 200-day simple moving average of $91.24.

Arch Capital Group Company Profile

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.