Vise Technologies Inc. Buys Shares of 7,368 Arch Capital Group Ltd. $ACGL

Vise Technologies Inc. acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,368 shares of the insurance provider’s stock, valued at approximately $671,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Arch Capital Group by 3.0% in the 1st quarter. Northern Trust Corp now owns 5,005,790 shares of the insurance provider’s stock valued at $481,457,000 after purchasing an additional 144,986 shares in the last quarter. Madison Asset Management LLC raised its holdings in shares of Arch Capital Group by 9.0% in the 1st quarter. Madison Asset Management LLC now owns 4,837,602 shares of the insurance provider’s stock valued at $465,281,000 after purchasing an additional 397,857 shares in the last quarter. Egerton Capital UK LLP lifted its position in shares of Arch Capital Group by 8.5% during the 1st quarter. Egerton Capital UK LLP now owns 4,325,217 shares of the insurance provider’s stock worth $415,999,000 after purchasing 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 purchasing an additional 26,160 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $92.76 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $102.37. The firm has a market cap of $33.64 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The company’s 50-day moving average is $89.33 and its two-hundred day moving average is $90.43. 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 announced 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. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the business earned $1.99 EPS. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ACGL. The Goldman Sachs Group set a $88.00 price target on shares of Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a research 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 equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.00.

Insider Transactions at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider 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 document filed with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group 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.