Davis Investment Partners LLC Invests $625,000 in Arch Capital Group Ltd. $ACGL

Davis Investment Partners LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,511 shares of the insurance provider’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares during the period. National Pension Service lifted its stake in Arch Capital Group by 8.5% in the fourth quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after purchasing an additional 53,661 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock valued at $18,024,000 after purchasing an additional 17,923 shares during the period. Natixis Advisors LLC increased its position in Arch Capital Group by 9.5% in the third quarter. Natixis Advisors LLC now owns 1,951,019 shares of the insurance provider’s stock worth $177,016,000 after buying an additional 168,922 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Arch Capital Group by 50.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after buying an additional 518,527 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s 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 disclosure for this sale is available in the SEC filing. 3.30% of the stock is owned by insiders.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $94.83 on Thursday. The firm has a market capitalization of $33.13 billion, a P/E ratio of 7.28, a PEG ratio of 4.69 and a beta of 0.32. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The business has a fifty day moving average price of $93.69 and a 200-day moving average price of $94.99.

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

Analyst Ratings Changes

A number of brokerages have recently commented on ACGL. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Mizuho decreased their price objective 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. JPMorgan Chase & Co. lowered their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Barclays boosted their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, 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 report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.