Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,761 shares of the insurance provider’s stock after selling 523 shares during the quarter. V Square Quantitative Management LLC’s holdings in Arch Capital Group were worth $783,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Davis Asset Management L.P. grew its position in Arch Capital Group by 441.7% during the fourth quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after buying an additional 5,300,000 shares during the period. Norges Bank acquired a new position in Arch Capital Group during the fourth quarter worth $309,496,000. Capital International Investors boosted its position in Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after purchasing an additional 1,560,173 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Arch Capital Group by 61.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after purchasing an additional 1,216,080 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Arch Capital Group by 11.4% in the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ACGL. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Company reduced their target price on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday. JMP Securities raised their price target on Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st. Finally, Roth Mkm restated a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $105.56.

Arch Capital Group Trading Up 2.5 %

NASDAQ ACGL traded up $2.40 during mid-day trading on Wednesday, hitting $100.13. The company’s stock had a trading volume of 472,709 shares, compared to its average volume of 1,657,585. The firm has a market capitalization of $37.65 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $103.79. The stock’s fifty day simple moving average is $98.50 and its two-hundred day simple moving average is $94.19.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Research analysts expect that Arch Capital Group Ltd. will post 8.93 EPS for the current year.

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.