Kinsale Capital Group Inc. Raises Position in Arch Capital Group Ltd. $ACGL

Kinsale Capital Group Inc. raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,026 shares of the insurance provider’s stock after purchasing an additional 6,966 shares during the quarter. Arch Capital Group accounts for approximately 1.5% of Kinsale Capital Group Inc.’s holdings, making the stock its 28th biggest holding. Kinsale Capital Group Inc.’s holdings in Arch Capital Group were worth $8,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cornerstone Planning Group LLC increased its stake in shares of Arch Capital Group by 426.0% during the third quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock valued at $33,000 after buying an additional 311 shares during the period. Quent Capital LLC purchased a new stake in Arch Capital Group during the third quarter valued at approximately $37,000. Richardson Financial Services Inc. increased its position in shares of Arch Capital Group by 63.3% during the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 162 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after buying an additional 414 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider directly owned 289,556 shares in the company, valued at approximately $27,267,488.52. This represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 220,666 shares of company stock valued at $20,728,673. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $97.00 price objective (up from $93.00) on shares of Arch Capital Group in a report on Wednesday, January 14th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Friday, January 16th. Royal Bank Of Canada set a $108.00 price target on shares of Arch Capital Group and gave the stock an “outperform” rating in a research report on Monday, November 24th. Finally, Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.53.

Arch Capital Group Stock Down 1.0%

Shares of NASDAQ:ACGL opened at $100.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market capitalization of $36.61 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42. The firm’s 50-day moving average is $94.57 and its two-hundred day moving average is $91.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.