Element Capital Management LLC Makes New Investment in Arch Capital Group Ltd. $ACGL

Element Capital Management LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,704 shares of the insurance provider’s stock, valued at approximately $739,000.

Other hedge funds have also made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at approximately $3,245,000. Engineers Gate Manager LP purchased a new position in Arch Capital Group in the fourth quarter worth approximately $1,735,000. Capitolis Liquid Global Markets LLC acquired a new stake in Arch Capital Group during the fourth quarter worth $32,517,000. Asset One Wealth Management LLC purchased a new stake in Arch Capital Group in the fourth quarter valued at $3,187,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Arch Capital Group in the fourth quarter valued at $518,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACGL. Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $105.00 target price on shares of Arch Capital Group in a research report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Mizuho decreased their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Stock Down 0.2%

Shares of ACGL opened at $92.37 on Thursday. The company’s 50-day simple moving average is $94.18 and its 200-day simple moving average is $94.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The stock has a market capitalization of $32.27 billion, a PE ratio of 7.09, a P/E/G ratio of 4.63 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

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.