Wellington Management Group LLP Has $115.50 Million Stock Position in Arch Capital Group Ltd. $ACGL

Wellington Management Group LLP increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,189,970 shares of the insurance provider’s stock after purchasing an additional 79,869 shares during the period. Wellington Management Group LLP owned approximately 0.35% of Arch Capital Group worth $115,498,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACGL. Public Employees Retirement System of Ohio acquired a new stake in Arch Capital Group during the second quarter worth about $11,914,000. Ancora Advisors LLC bought a new position in Arch Capital Group in the 2nd quarter valued at about $257,000. Jones Financial Companies Lllp acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $102,000. Davis Asset Management L.P. acquired a new position in shares of Arch Capital Group in the 2nd quarter valued at approximately $63,089,000. Finally, Madison Asset Management LLC bought a new stake in shares of Arch Capital Group during the 2nd quarter worth approximately $368,808,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the transaction, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Up 0.6%

Shares of ACGL opened at $98.61 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $107.08. The stock has a market capitalization of $33.65 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 4.83 and a beta of 0.30. The stock has a fifty day moving average of $99.97 and a 200-day moving average of $96.78.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same quarter in the prior year, the firm earned $2.58 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACGL shares. Cantor Fitzgerald increased their price target on shares of Arch Capital Group from $102.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research report on Wednesday, July 15th. UBS Group restated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arch Capital Group in a report on Thursday, August 13th. Finally, Wells Fargo & Company lifted their price target on Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.11.

Get Our Latest Analysis on ACGL

Arch Capital Group Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGLFree Report).

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.