Sustainable Insight Capital Management LLC Buys New Holdings in Arch Capital Group Ltd. $ACGL

Sustainable Insight Capital Management LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 23,459 shares of the insurance provider’s stock, valued at approximately $2,136,000. Arch Capital Group accounts for 1.0% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at approximately $399,651,000. JPMorgan Chase & Co. raised its stake in Arch Capital Group by 30.5% in the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock valued at $718,522,000 after acquiring an additional 1,743,945 shares during the period. GQG Partners LLC acquired a new stake in Arch Capital Group during the 1st quarter valued at $71,769,000. Champlain Investment Partners LLC bought a new position in Arch Capital Group during the first quarter worth $48,040,000. Finally, Amundi boosted its position in Arch Capital Group by 32.3% during the first quarter. Amundi now owns 1,683,211 shares of the insurance provider’s stock worth $162,060,000 after purchasing an additional 410,825 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACGL. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Wolfe Research started coverage on Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating for the company. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $109.00.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $87.76 on Friday. The stock’s fifty day moving average price is $89.43 and its two-hundred day moving average price is $90.45. The firm has a market cap of $32.75 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.56. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.17.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $1.01. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the prior year, the firm posted $1.99 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.