Arch Capital Group Ltd. $ACGL Shares Acquired by Bensler LLC

Bensler LLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,126 shares of the insurance provider’s stock after acquiring an additional 1,414 shares during the period. Bensler LLC’s holdings in Arch Capital Group were worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in Arch Capital Group by 4.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 176,530 shares of the insurance provider’s stock worth $16,622,000 after purchasing an additional 7,695 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Arch Capital Group by 18.5% in the first quarter. Greenleaf Trust now owns 2,957 shares of the insurance provider’s stock worth $284,000 after buying an additional 461 shares in the last quarter. Cerity Partners LLC boosted its position in Arch Capital Group by 14.8% during the first quarter. Cerity Partners LLC now owns 42,553 shares of the insurance provider’s stock worth $4,093,000 after acquiring an additional 5,481 shares during the last quarter. Horizon Advisory Services Inc. grew its stake in Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock valued at $288,000 after acquiring an additional 120 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in Arch Capital Group by 3.9% during the 1st quarter. Ballentine Partners LLC now owns 10,515 shares of the insurance provider’s stock valued at $1,011,000 after acquiring an additional 396 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 2.1%

Shares of NASDAQ:ACGL opened at $89.57 on Friday. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.17. The business has a 50-day moving average price of $89.39 and a 200 day moving average price of $90.45. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter in the prior year, the company posted $1.99 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wolfe Research started coverage on Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.00.

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.