Vise Technologies Inc. Makes New Investment in Arch Capital Group Ltd. $ACGL

Vise Technologies Inc. purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,368 shares of the insurance provider’s stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Meeder Asset Management Inc. boosted its holdings 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 worth $27,000 after acquiring an additional 150 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Arch Capital Group in the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd boosted its stake in Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares in the last quarter. Hemington Wealth Management grew its position in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $88.00 target price on shares of Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.00.

Insider Activity

In related news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 1.1%

ACGL stock opened at $92.76 on Friday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $102.37. The stock has a market capitalization of $33.64 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $89.33 and its two-hundred day simple moving average is $90.43.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. As a group, analysts anticipate 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.