Arch Capital Group Ltd. $ACGL Shares Purchased by Rathbones Group PLC

Rathbones Group PLC increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 135.9% in the 1st quarter, HoldingsChannel reports. The fund owned 43,324 shares of the insurance provider’s stock after purchasing an additional 24,955 shares during the quarter. Rathbones Group PLC’s holdings in Arch Capital Group were worth $4,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Arch Capital Group during the 4th quarter worth $463,208,000. First Trust Advisors LP raised its holdings in Arch Capital Group by 319.5% in the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after buying an additional 2,000,162 shares during the period. AQR Capital Management LLC lifted its position in Arch Capital Group by 184.1% in the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock valued at $256,167,000 after buying an additional 1,730,487 shares during the last quarter. Fiduciary Management Inc. WI acquired a new position in Arch Capital Group in the fourth quarter valued at about $106,683,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Arch Capital Group by 572.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after buying an additional 1,080,049 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Atlantic Securities set a $126.00 target price on shares of Arch Capital Group in a report on Wednesday, July 15th. Barclays boosted their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley upped their price target on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and a consensus target price of $110.96.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ:ACGL opened at $101.12 on Tuesday. The firm has a market capitalization of $35.33 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 10.63 and a beta of 0.31. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.55. The firm’s 50-day moving average is $96.60 and its two-hundred day moving average is $96.20.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. The business had revenue of $8.72 billion during the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same quarter last year, the firm posted $2.58 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 9.36 EPS for the current year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.

About Arch Capital Group

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.