Intech Investment Management LLC Has $11.66 Million Stock Position in Arch Capital Group Ltd. $ACGL

Intech Investment Management LLC lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 56.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,028 shares of the insurance provider’s stock after selling 167,903 shares during the quarter. Intech Investment Management LLC’s holdings in Arch Capital Group were worth $11,657,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ACGL. Meeder Asset Management Inc. boosted its holdings in Arch Capital Group by 116.3% in 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 period. Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group during the first quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd raised its position in shares of Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of 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 buying an additional 119 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after buying an additional 412 shares during the period. 89.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction 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 approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Down 0.3%

ACGL stock opened at $92.52 on Friday. The firm has a 50-day moving average price of $89.36 and a 200-day moving average price of $90.42. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $102.37. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $33.55 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47.

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

Analysts Set New Price Targets

A number of research firms have commented on ACGL. Cantor Fitzgerald restated a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a research note on Tuesday, October 28th. Barclays set a $99.00 target price on Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the stock a “sell” rating in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and an average price target of $106.75.

Arch Capital Group 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.