WCM Investment Management LLC Decreases Position in Arch Capital Group Ltd. $ACGL

WCM Investment Management LLC cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,602,412 shares of the insurance provider’s stock after selling 681,503 shares during the period. Arch Capital Group makes up 2.7% of WCM Investment Management LLC’s portfolio, making the stock its 12th largest position. WCM Investment Management LLC’s holdings in Arch Capital Group were worth $1,205,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC grew its stake in shares of Arch Capital Group by 3.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after buying an additional 106 shares during the last quarter. Keel Point LLC lifted its stake in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 112 shares during the last quarter. Legacy Advisors LLC lifted its stake in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock valued at $916,000 after acquiring an additional 112 shares during the last quarter. Twin Capital Management Inc. boosted its holdings in Arch Capital Group by 1.4% during the 1st quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock valued at $785,000 after acquiring an additional 116 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in Arch Capital Group by 1.3% during the 1st quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after acquiring an additional 123 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $101.35 on Monday. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09. The stock has a market capitalization of $35.41 billion, a PE ratio of 7.78, a PEG ratio of 5.04 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The business’s 50-day moving average is $95.09 and its 200 day moving average is $95.63.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on ACGL. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Wells Fargo & Company boosted their price objective on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research note on Wednesday. UBS Group restated a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.39.

Arch Capital Group Profile

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.