Denali Advisors LLC Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Denali Advisors LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,900 shares of the insurance provider’s stock after acquiring an additional 10,300 shares during the period. Denali Advisors LLC’s holdings in Arch Capital Group were worth $3,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. CSat Investment Advisory L.P. purchased a new stake in Arch Capital Group during the 2nd quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at $71,000. Capital Bank & Trust Co raised its stake in Arch Capital Group by 74.4% during the 2nd quarter. Capital Bank & Trust Co now owns 1,915 shares of the insurance provider’s stock valued at $71,000 after buying an additional 817 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new stake in Arch Capital Group during the 2nd quarter valued at $200,000. Finally, Hancock Whitney Corp purchased a new stake in Arch Capital Group during the 2nd quarter valued at $217,000. Institutional investors own 79.67% of the company’s stock.

In other news, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $39.42, for a total transaction of $315,360.00. Following the completion of the sale, the chief financial officer now owns 37,815 shares of the company’s stock, valued at approximately $1,490,667.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP W Preston Hutchings sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $39.47, for a total transaction of $986,750.00. Following the sale, the senior vice president now directly owns 55,694 shares of the company’s stock, valued at approximately $2,198,242.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,300 shares of company stock valued at $5,619,725. Insiders own 5.20% of the company’s stock.

Shares of ACGL stock traded up $0.39 during mid-day trading on Wednesday, reaching $41.16. 1,091,136 shares of the company’s stock traded hands, compared to its average volume of 1,211,105. Arch Capital Group Ltd. has a 12 month low of $24.79 and a 12 month high of $42.86. The firm has a 50 day moving average price of $40.65 and a two-hundred day moving average price of $36.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $16.56 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.08. Arch Capital Group had a net margin of 20.48% and a return on equity of 10.58%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts expect that Arch Capital Group Ltd. will post 2.82 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Buckingham Research boosted their target price on shares of Arch Capital Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. BidaskClub upgraded shares of Arch Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Barclays set a $47.00 target price on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, MKM Partners boosted their target price on shares of Arch Capital Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $39.04.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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