Pacer Advisors Inc. Acquires Shares of 2,115 Arch Capital Group Ltd. (ACGL)

Pacer Advisors Inc. acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,115 shares of the insurance provider’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds have also modified their holdings of ACGL. BlackRock Inc. increased its stake in shares of Arch Capital Group by 3,410.5% during the 1st quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock worth $831,073,000 after purchasing an additional 8,519,546 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arch Capital Group by 802.5% during the 1st quarter. JPMorgan Chase & Co. now owns 850,833 shares of the insurance provider’s stock worth $80,633,000 after purchasing an additional 756,556 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Arch Capital Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 9,588,852 shares of the insurance provider’s stock worth $908,736,000 after purchasing an additional 418,229 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Arch Capital Group by 53.9% during the 1st quarter. Janus Capital Management LLC now owns 576,863 shares of the insurance provider’s stock worth $54,669,000 after purchasing an additional 202,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Arch Capital Group by 21.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 804,522 shares of the insurance provider’s stock worth $76,246,000 after purchasing an additional 141,735 shares in the last quarter. 76.92% of the stock is owned by institutional investors and hedge funds.

ACGL has been the subject of a number of recent research reports. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $95.00 price objective on shares of Arch Capital Group in a research note on Tuesday, July 4th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Buckingham Research initiated coverage on shares of Arch Capital Group in a research note on Monday, September 11th. They set a “buy” rating and a $106.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $95.63.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 96.41 on Friday. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The stock has a market capitalization of $12.97 billion, a PE ratio of 17.54 and a beta of 0.67. The firm has a 50-day moving average of $96.61 and a 200 day moving average of $95.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $1.13 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities analysts anticipate that Arch Capital Group Ltd. will post $5.28 earnings per share for the current fiscal year.

In other news, CEO Nicolas Papadopoulo sold 80,694 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total transaction of $7,569,097.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark Donald Lyons sold 9,967 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,579 shares of company stock valued at $18,756,983. Company insiders own 6.60% of the company’s stock.

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Arch Capital Group Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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