Barings LLC Raises Holdings in Arch Capital Group Ltd. (ACGL)

Barings LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,700 shares of the insurance provider’s stock after acquiring an additional 600 shares during the quarter. Barings LLC’s holdings in Arch Capital Group were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Arch Capital Group by 0.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock valued at $132,000 after buying an additional 6 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Arch Capital Group by 0.7% in the 2nd quarter. CIBC Asset Management Inc now owns 10,799 shares of the insurance provider’s stock valued at $1,007,000 after buying an additional 78 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Arch Capital Group by 2.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,873 shares of the insurance provider’s stock valued at $361,000 after buying an additional 97 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Arch Capital Group by 3.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,300 shares of the insurance provider’s stock valued at $308,000 after buying an additional 100 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of Arch Capital Group by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 21,054 shares of the insurance provider’s stock valued at $1,964,000 after buying an additional 100 shares during the period. 79.50% of the stock is owned by institutional investors.

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 54,554 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $95.53, for a total transaction of $5,211,543.62. Following the completion of the sale, the chief executive officer now directly owns 147,481 shares in the company, valued at approximately $14,088,859.93. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $97.31, for a total value of $969,888.77. The disclosure for this sale can be found here. Insiders sold a total of 187,633 shares of company stock valued at $17,864,402 in the last ninety days. 6.60% of the stock is currently owned by insiders.

Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $92.71 on Wednesday. The firm has a market capitalization of $12,414.71, a PE ratio of 31.94, a P/E/G ratio of 2.67 and a beta of 0.67. Arch Capital Group Ltd. has a fifty-two week low of $83.47 and a fifty-two week high of $102.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. analysts forecast that Arch Capital Group Ltd. will post 3.23 earnings per share for the current fiscal year.

ACGL has been the subject of several analyst reports. Wells Fargo & Company set a $100.00 price objective on Arch Capital Group and gave the company a “hold” rating in a report on Thursday, October 26th. Buckingham Research initiated coverage on Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective for the company. UBS decreased their price objective on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Thursday, September 21st. Finally, Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $100.70.

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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.

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

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