Element Capital Management LLC Makes New Investment in Arch Capital Group Ltd. $ACGL

Element Capital Management LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,704 shares of the insurance provider’s stock, valued at approximately $739,000.

A number of other hedge funds have also recently modified their holdings of ACGL. JPMorgan Chase & Co. raised its stake in Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares in the last quarter. Norges Bank acquired a new position in Arch Capital Group in the fourth quarter valued at $463,208,000. Morgan Stanley grew its holdings in shares of Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after purchasing an additional 33,132 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Arch Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after purchasing an additional 160,326 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACGL shares. Wells Fargo & Company upped their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research note on Friday, May 1st. Citigroup raised their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.81.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $92.37 on Thursday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The stock’s 50-day moving average price is $94.18 and its 200 day moving average price is $94.99. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $32.27 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 4.63 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

About Arch Capital Group

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.