International Assets Investment Management LLC Purchases 493 Shares of Arch Capital Group Ltd. $ACGL

International Assets Investment Management LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,288 shares of the insurance provider’s stock after acquiring an additional 493 shares during the quarter. International Assets Investment Management LLC’s holdings in Arch Capital Group were worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Arch Capital Group by 30.5% in the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock valued at $718,522,000 after acquiring an additional 1,743,945 shares during the last quarter. Northern Trust Corp grew its stake in shares of Arch Capital Group by 3.0% during the first quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider’s stock worth $481,457,000 after buying an additional 144,986 shares during the last quarter. Madison Asset Management LLC grew its stake in shares of Arch Capital Group by 9.0% during the first quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider’s stock worth $465,281,000 after buying an additional 397,857 shares during the last quarter. Egerton Capital UK LLP grew its stake in shares of Arch Capital Group by 8.5% during the first quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider’s stock worth $415,999,000 after buying an additional 337,245 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Arch Capital Group by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,176,984 shares of the insurance provider’s stock worth $401,710,000 after buying an additional 26,160 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

ACGL stock opened at $86.51 on Monday. The firm has a market cap of $32.29 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 5.01 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $109.61. The company’s fifty day simple moving average is $90.67 and its 200 day simple moving average is $90.80.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter in the previous year, the business earned $2.57 earnings per share. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on ACGL shares. The Goldman Sachs Group set a $88.00 target price on shares of Arch Capital Group and gave the stock a “sell” rating in a research note on Tuesday, October 14th. Citigroup began coverage on shares of Arch Capital Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price on the stock. Cantor Fitzgerald upgraded shares of Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.71.

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.