Capitolis Liquid Global Markets LLC Takes $32.52 Million Position in Arch Capital Group Ltd. $ACGL

Capitolis Liquid Global Markets LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 339,000 shares of the insurance provider’s stock, valued at approximately $32,517,000.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $27,000. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Finally, Grove Bank & Trust acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was 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 is accessible through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade 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.

Arch Capital Group Stock Performance

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

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Citigroup lifted 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. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Mizuho dropped their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Company 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.