OMERS ADMINISTRATION Corp Has $4.25 Million Stake in Arch Capital Group Ltd. $ACGL

OMERS ADMINISTRATION Corp grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.4% during the first quarter, HoldingsChannel reports. The firm owned 44,271 shares of the insurance provider’s stock after buying an additional 6,556 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Arch Capital Group were worth $4,250,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $253,000. CW Advisors LLC grew its stake in Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC acquired a new stake in Arch Capital Group during the second quarter worth approximately $667,000. Finally, Cerity Partners LLC lifted its stake in Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after buying an additional 4,933 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACGL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Cantor Fitzgerald reiterated 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. Citigroup upped their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Atlantic Securities set a $126.00 target price on Arch Capital Group in a research note on Wednesday, July 15th. Finally, Morgan Stanley boosted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $103.88 on Tuesday. The stock has a fifty day simple moving average of $95.97 and a two-hundred day simple moving average of $95.89. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $105.09. The firm has a market cap of $36.29 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 5.15 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. Analysts anticipate that Arch Capital Group Ltd. will post 9.34 earnings per share for the current year.

Insider Activity

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This trade represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

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.