Dymon Asia Capital Singapore PTE. LTD. Takes Position in Arch Capital Group Ltd. $ACGL

Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,000 shares of the insurance provider’s stock, valued at approximately $1,639,000. Arch Capital Group makes up about 0.2% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of ACGL. Mainstay Capital Management LLC ADV acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $363,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Arch Capital Group in the second quarter worth $371,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Arch Capital Group by 9.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 34,987 shares of the insurance provider’s stock worth $3,365,000 after buying an additional 3,158 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in shares of Arch Capital Group by 42.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock valued at $4,331,000 after buying an additional 13,357 shares during the last quarter. Finally, Connecticut Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 1st quarter valued at $6,173,000. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer directly owned 266,681 shares of the company’s stock, valued at $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Stock Up 1.1%

Shares of ACGL opened at $91.92 on Wednesday. The firm has a market cap of $33.33 billion, a P/E ratio of 8.60, a PEG ratio of 2.12 and a beta of 0.47. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.40. The stock’s 50 day moving average is $90.26 and its two-hundred day moving average is $90.33. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the company posted $1.99 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ACGL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday, October 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. The Goldman Sachs Group set a $88.00 price target on shares of Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. Finally, Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.85.

Arch Capital Group Company 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.