13,689 Shares in Arch Capital Group Ltd. $ACGL Acquired by 111 Capital

111 Capital acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,689 shares of the insurance provider’s stock, valued at approximately $1,246,000.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group during the 1st quarter worth about $37,000. Finally, Grove Bank & Trust acquired a new stake in shares of Arch Capital Group during the first quarter worth approximately $40,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Up 1.9%

NASDAQ ACGL opened at $90.79 on Friday. The stock has a fifty day moving average of $90.01 and a 200-day moving average of $91.13. The stock has a market capitalization of $33.88 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 5.45 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period last year, the firm earned $2.57 EPS. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating for the company. UBS Group reaffirmed a “buy” rating and set a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group cut Arch Capital Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Finally, Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.36.

About Arch Capital Group

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.