Arch Capital Group Ltd. $ACGL Shares Purchased by Parkwood LLC

Parkwood LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 110.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 193,594 shares of the insurance provider’s stock after purchasing an additional 101,438 shares during the period. Arch Capital Group comprises approximately 1.6% of Parkwood LLC’s portfolio, making the stock its 14th largest position. Parkwood LLC owned 0.05% of Arch Capital Group worth $17,626,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after buying an additional 112 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Arch Capital Group in the 2nd quarter valued at approximately $73,000. Finally, SVB Wealth LLC acquired a new position in shares of Arch Capital Group in the first quarter worth $81,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research initiated coverage on Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Finally, Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Eight 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.85.

Arch Capital Group Stock Up 2.0%

ACGL opened at $93.64 on Friday. The stock has a market capitalization of $33.96 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.14 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $97.40. The business’s 50-day simple moving average is $90.38 and its 200-day simple moving average is $90.37.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the firm posted $1.99 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares in the company, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.

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.