Arch Capital Group Ltd. $ACGL Shares Acquired by Delta Global Management LP

Delta Global Management LP increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 78.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,552 shares of the insurance provider’s stock after buying an additional 5,975 shares during the period. Delta Global Management LP’s holdings in Arch Capital Group were worth $1,301,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Arch Capital Group during the 4th quarter worth approximately $27,000. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the 3rd quarter worth $28,000. TD Waterhouse Canada Inc. grew its stake in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its stake in shares of Arch Capital Group by 390.9% during the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $103.36 on Monday. The stock’s 50-day moving average is $95.81 and its two-hundred day moving average is $95.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09. The firm has a market cap of $36.11 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 5.15 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Analysts predict that Arch Capital Group Ltd. will post 9.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ACGL. UBS Group reaffirmed a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Mizuho raised their target price on Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their target price on Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Citigroup upped their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight equities research 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. According to MarketBeat.com, Arch Capital Group has an average rating of “Hold” and a consensus price target of $109.82.

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.