Brandes Investment Partners LP Increases Position in Arch Capital Group Ltd. $ACGL

Brandes Investment Partners LP raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,710,565 shares of the insurance provider’s stock after purchasing an additional 204,082 shares during the quarter. Arch Capital Group accounts for about 1.2% of Brandes Investment Partners LP’s portfolio, making the stock its 27th largest position. Brandes Investment Partners LP’s holdings in Arch Capital Group were worth $164,078,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the fourth quarter valued at approximately $27,000. WealthCollab LLC boosted its holdings 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 purchasing an additional 238 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Finally, Grove Bank & Trust purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered 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 boosted their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $105.00 price target on Arch Capital Group in a report on Friday, May 1st. JPMorgan Chase & Co. lowered 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 lowered 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 analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.81.

Arch Capital Group Stock Up 0.9%

Arch Capital Group stock opened at $90.41 on Wednesday. The business has a fifty day moving average of $94.71 and a two-hundred day moving average of $95.04. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a market cap of $31.59 billion, a P/E ratio of 6.94, a P/E/G ratio of 4.92 and a beta of 0.32. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, analysts forecast that Arch Capital Group Ltd. will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by corporate 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.