Westwind Capital Purchases Shares of 89,208 Arch Capital Group Ltd. (NASDAQ:ACGL)

Westwind Capital bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 89,208 shares of the insurance provider’s stock, valued at approximately $9,981,000. Arch Capital Group makes up approximately 2.4% of Westwind Capital’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter worth about $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the 2nd quarter worth about $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.7 %

Shares of ACGL stock opened at $113.90 on Friday. The business’s 50 day moving average is $108.60 and its two-hundred day moving average is $101.07. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a market capitalization of $42.83 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.59. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $1.92 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Arch Capital Group Ltd. will post 9.11 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of several research analyst reports. Bank of America raised their target price on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities raised their price target on Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 31st. TD Cowen raised their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Evercore ISI raised their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average price target of $118.87.

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.