Generali Asset Management SPA SGR Grows Holdings in Arch Capital Group Ltd. $ACGL

Generali Asset Management SPA SGR boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 66.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,278 shares of the insurance provider’s stock after acquiring an additional 10,845 shares during the period. Generali Asset Management SPA SGR’s holdings in Arch Capital Group were worth $2,617,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ACGL. Geneos Wealth Management Inc. raised its position in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 412 shares during the period. Sivia Capital Partners LLC bought a new stake in Arch Capital Group in the second quarter worth about $253,000. CW Advisors LLC raised its position in Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 189 shares during the period. Jump Financial LLC bought a new stake in Arch Capital Group in the second quarter worth about $667,000. Finally, Cerity Partners LLC raised its position in Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after acquiring an additional 4,933 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL opened at $93.80 on Friday. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 5.15 and a beta of 0.35. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $96.12 and a 200-day moving average price of $94.38. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. Equities analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,267 shares of company stock valued at $7,291,637. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACGL. Wells Fargo & Company lifted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Barclays lifted their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho lowered their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada lifted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and an average price target of $106.32.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.