Sustainable Insight Capital Management LLC Purchases 21,500 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

by · The Cerbat Gem

Sustainable Insight Capital Management LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 74.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,200 shares of the insurance provider’s stock after purchasing an additional 21,500 shares during the quarter. Arch Capital Group comprises about 3.5% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Sustainable Insight Capital Management LLC’s holdings in Arch Capital Group were worth $3,757,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ACGL. Cambridge Investment Research Advisors Inc. increased its position in shares of Arch Capital Group by 3.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,800 shares of the insurance provider’s stock valued at $1,152,000 after purchasing an additional 799 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Arch Capital Group by 27.1% in the first quarter. HighTower Advisors LLC now owns 34,331 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 7,316 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of Arch Capital Group by 33.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,567 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 1,631 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Arch Capital Group by 12.3% during the 1st quarter. Private Advisor Group LLC now owns 14,025 shares of the insurance provider’s stock worth $679,000 after purchasing an additional 1,537 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Arch Capital Group during the 1st quarter valued at about $76,000. Institutional investors own 87.21% of the company’s stock.

Insider Activity

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $85.80, for a total transaction of $5,148,000.00. Following the sale, the insider now owns 630,387 shares of the company’s stock, valued at approximately $54,087,204.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO David Gansberg sold 7,350 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $89.49, for a total value of $657,751.50. Following the sale, the chief executive officer now owns 208,368 shares in the company, valued at $18,646,852.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $85.80, for a total transaction of $5,148,000.00. Following the sale, the insider now owns 630,387 shares of the company’s stock, valued at $54,087,204.60. The disclosure for this sale can be found here. Insiders have sold a total of 170,378 shares of company stock worth $14,564,162 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Up 1.2 %

NASDAQ:ACGL traded up $0.96 during midday trading on Friday, reaching $79.30. 1,372,916 shares of the stock traded hands, compared to its average volume of 1,799,933. Arch Capital Group Ltd. has a 12-month low of $59.35 and a 12-month high of $90.65. The business has a 50-day moving average of $83.64 and a two-hundred day moving average of $78.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $29.59 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last issued its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $2.31 EPS for the quarter, beating the consensus estimate of $1.54 by $0.77. Arch Capital Group had a return on equity of 23.06% and a net margin of 23.46%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business posted $0.28 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and set a $95.00 target price on shares of Arch Capital Group in a research note on Tuesday, October 31st. Morgan Stanley increased their target price on Arch Capital Group from $100.00 to $103.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Jefferies Financial Group lifted their target price on Arch Capital Group from $89.00 to $95.00 in a research report on Friday, October 6th. Barclays upped their price target on shares of Arch Capital Group from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arch Capital Group in a report on Wednesday, October 4th. They set a “buy” rating and a $81.00 price objective for the company. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $88.08.

View Our Latest Research Report on Arch Capital Group

Arch Capital Group Company Profile

(Free Report)

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; collateral protection, debt cancellation, and service contract reimbursement products; 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.

See Also

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