MGO One Seven LLC Raises Stock Holdings in Arch Capital Group Ltd. $ACGL

MGO One Seven LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 563.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,538 shares of the insurance provider’s stock after buying an additional 17,443 shares during the quarter. MGO One Seven LLC’s holdings in Arch Capital Group were worth $1,870,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new position in Arch Capital Group in the 1st quarter worth about $27,000. Meeder Asset Management Inc. increased its position in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group during the 1st quarter valued at about $37,000. Finally, Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.

Arch Capital Group Trading Down 0.0%

Shares of NASDAQ:ACGL opened at $92.23 on Wednesday. The stock has a 50 day moving average of $90.77 and a 200 day moving average of $91.02. The company has a market cap of $34.42 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $111.34.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period in the previous year, the company posted $2.57 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Barclays set a $99.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.71.

Arch Capital Group Company 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.