Russell Investments Group Ltd. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,693 shares of the insurance provider’s stock after selling 11,465 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Arch Capital Group worth $20,340,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of ACGL. SG Americas Securities LLC grew its holdings in Arch Capital Group by 2.6% in the first quarter. SG Americas Securities LLC now owns 6,870 shares of the insurance provider’s stock worth $466,000 after purchasing an additional 175 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Arch Capital Group by 54.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 582 shares of the insurance provider’s stock valued at $37,000 after buying an additional 205 shares during the last quarter. Securian Asset Management Inc. grew its holdings in shares of Arch Capital Group by 0.7% during the first quarter. Securian Asset Management Inc. now owns 31,349 shares of the insurance provider’s stock valued at $2,128,000 after buying an additional 218 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of Arch Capital Group by 57.3% during the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after buying an additional 252 shares during the last quarter. Finally, Quantamental Technologies LLC grew its holdings in shares of Arch Capital Group by 5.8% during the first quarter. Quantamental Technologies LLC now owns 4,919 shares of the insurance provider’s stock valued at $238,000 after buying an additional 268 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.
Arch Capital Group Trading Up 1.0 %
NASDAQ ACGL opened at $77.35 on Tuesday. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. The firm’s fifty day moving average price is $75.29 and its 200 day moving average price is $71.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.59 and a quick ratio of 0.59. Arch Capital Group Ltd. has a 12 month low of $41.05 and a 12 month high of $84.83.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, July 27th. Wells Fargo & Company upped their price target on shares of Arch Capital Group from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Royal Bank of Canada upped their price target on shares of Arch Capital Group from $74.00 to $81.00 in a research report on Friday, April 28th. StockNews.com began coverage on shares of Arch Capital Group in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Barclays upped their price target on shares of Arch Capital Group from $83.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.80.
Get Our Latest Stock Analysis on ACGL
Insider Transactions at Arch Capital Group
In other Arch Capital Group news, CEO Marc Grandisson sold 200,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $76.10, for a total transaction of $15,220,000.00. Following the transaction, the chief executive officer now owns 2,287,157 shares of the company’s stock, valued at approximately $174,052,647.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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; collateral protection, debt cancellation, and service contract reimbursement products; 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.
Read More
- Five stocks we like better than Arch Capital Group
- Mega Cap Stocks: What They Are and How to Invest
- 3 Sizzling Dividends That Are Going On Sale
- How to Use the MarketBeat Dividend Calculator
- 3 Ways To Trade, Trade Desk Stock Post Earnings
- How to Invest in Energy
- Inflation, The Fed, and Oil Prices: Interest Rates Are Going Up
Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report).
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
