Axecap Investments LLC Makes New $3.22 Million Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Axecap Investments LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,741 shares of the insurance provider’s stock, valued at approximately $3,216,000. Arch Capital Group comprises 2.4% of Axecap Investments LLC’s holdings, making the stock its 16th biggest position.

A number of other large investors have also bought and sold shares of ACGL. UMB Bank n.a. purchased a new position in shares of Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA grew its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group during the second quarter worth about $35,000. LRI Investments LLC purchased a new position in Arch Capital Group during the first quarter worth about $38,000. Finally, Versant Capital Management Inc grew its position in Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after buying an additional 131 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACGL shares. Wells Fargo & Company boosted their target price on Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. Roth Mkm upped their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Arch Capital Group Stock Performance

ACGL stock opened at $107.00 on Thursday. The stock has a market capitalization of $40.18 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $110.46 and its 200 day simple moving average is $102.17.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. As a group, research analysts forecast that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.20% of the company’s stock.

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.