Applied Finance Capital Management LLC Trims Stake in Arch Capital Group Ltd. $ACGL

Applied Finance Capital Management LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,279 shares of the insurance provider’s stock after selling 796 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Arch Capital Group were worth $754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Arch Capital Group by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock worth $4,924,000 after purchasing an additional 6,406 shares during the period. DAVENPORT & Co LLC purchased a new stake in Arch Capital Group in the 1st quarter worth about $251,000. D.A. Davidson & CO. raised its position in Arch Capital Group by 10.9% in the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock worth $4,381,000 after purchasing an additional 4,460 shares during the period. Crossmark Global Holdings Inc. raised its position in Arch Capital Group by 24.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 7,448 shares during the period. Finally, World Investment Advisors increased its position in shares of Arch Capital Group by 114.1% during the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock worth $608,000 after acquiring an additional 3,369 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Cantor Fitzgerald raised shares of Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Wolfe Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.71.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’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 completion of the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $86.51 on Friday. The firm has a market cap of $32.29 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 4.99 and a beta of 0.47. The company’s 50 day moving average is $90.67 and its 200 day moving average is $90.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $109.61.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period last year, the company posted $2.57 earnings per share. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.