Navellier & Associates Inc Purchases New Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Navellier & Associates Inc purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,400 shares of the insurance provider’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in Arch Capital Group by 4.0% during the 1st quarter. BlackRock Inc. now owns 28,877,605 shares of the insurance provider’s stock valued at $933,325,000 after acquiring an additional 1,101,677 shares during the period. Geode Capital Management LLC lifted its position in Arch Capital Group by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 4,366,916 shares of the insurance provider’s stock valued at $116,612,000 after acquiring an additional 307,790 shares during the period. Norges Bank purchased a new position in Arch Capital Group during the 4th quarter valued at about $90,777,000. Northern Trust Corp lifted its position in Arch Capital Group by 0.6% during the 1st quarter. Northern Trust Corp now owns 2,830,128 shares of the insurance provider’s stock valued at $91,469,000 after acquiring an additional 16,456 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Arch Capital Group by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,753,025 shares of the insurance provider’s stock valued at $73,556,000 after acquiring an additional 95,450 shares during the period. 80.14% of the stock is owned by institutional investors.

In other news, Director John D. Vollaro sold 11,500 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $34.15, for a total value of $392,725.00. Following the completion of the sale, the director now directly owns 91,800 shares in the company, valued at $3,134,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Maamoun Rajeh sold 17,712 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $33.71, for a total transaction of $597,071.52. Following the completion of the sale, the chief executive officer now owns 330,031 shares of the company’s stock, valued at $11,125,345.01. The disclosure for this sale can be found here. Insiders sold 498,343 shares of company stock valued at $16,927,360 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. MKM Partners lifted their price target on shares of Arch Capital Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Buckingham Research lifted their price target on shares of Hartford Financial Services Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 19th. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 19th. Morgan Stanley reissued an “overweight” rating and set a GBX 460 ($6.01) price target on shares of Sophos Group in a research report on Friday, May 17th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 1,775 ($23.19) price target on shares of in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Arch Capital Group has a consensus rating of “Hold” and an average price target of $36.04.

Shares of Arch Capital Group stock opened at $39.55 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $15.43 billion, a PE ratio of 17.98, a PEG ratio of 1.41 and a beta of 0.67. Arch Capital Group Ltd. has a 52-week low of $24.79 and a 52-week high of $39.86. The business has a 50-day moving average price of $37.21.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, July 29th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.08. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 2.72 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance 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.

Featured Article: Earnings Per Share

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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.