Asset Management One Co. Ltd. Has $15.34 Million Holdings in Arch Capital Group Ltd. $ACGL

Asset Management One Co. Ltd. lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,508 shares of the insurance provider’s stock after selling 572 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Arch Capital Group were worth $15,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC acquired a new position in Arch Capital Group in the first quarter valued at about $27,000. Meeder Asset Management Inc. grew its position in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Wayfinding Financial LLC bought a new position in Arch Capital Group in the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in Arch Capital Group in the first quarter valued at about $37,000. Finally, Hemington Wealth Management grew its position in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ACGL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Friday. Citigroup began coverage on Arch Capital Group in a research report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 target price on the stock. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Wells Fargo & Company lifted their target price on 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, Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $108.71.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the business’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 transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $87.15 on Monday. The business’s 50 day simple moving average is $90.42 and its 200 day simple moving average is $90.80. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $107.19. The stock has a market capitalization of $32.53 billion, a PE ratio of 8.99, a PEG ratio of 5.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

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

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.