Dean Capital Investments Management LLC Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Dean Capital Investments Management LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,029 shares of the insurance provider’s stock after acquiring an additional 1,624 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Arch Capital Group were worth $589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc increased its holdings in shares of Arch Capital Group by 2.5% in the third quarter. World Asset Management Inc now owns 12,273 shares of the insurance provider’s stock valued at $515,000 after purchasing an additional 305 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Arch Capital Group by 0.8% in the second quarter. Commonwealth Bank of Australia now owns 38,525 shares of the insurance provider’s stock valued at $1,423,000 after purchasing an additional 309 shares during the last quarter. Financial Advantage Inc. increased its holdings in shares of Arch Capital Group by 0.3% in the third quarter. Financial Advantage Inc. now owns 119,263 shares of the insurance provider’s stock valued at $5,006,000 after purchasing an additional 310 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Arch Capital Group by 4.3% in the second quarter. LS Investment Advisors LLC now owns 7,780 shares of the insurance provider’s stock valued at $288,000 after purchasing an additional 318 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Arch Capital Group by 2.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,226 shares of the insurance provider’s stock valued at $640,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

ACGL has been the subject of several recent research reports. MKM Partners increased their price target on Arch Capital Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BidaskClub cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. UBS Group raised their target price on Arch Capital Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Buckingham Research raised their price target on Arch Capital Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered Arch Capital Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $40.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.71.

In other news, CEO Maamoun Rajeh sold 20,000 shares of Arch Capital Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $39.08, for a total transaction of $781,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John D. Vollaro sold 10,000 shares of Arch Capital Group stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,400 shares of company stock worth $4,321,815. 5.20% of the stock is owned by company insiders.

ACGL traded down $0.20 during trading on Tuesday, hitting $40.59. The stock had a trading volume of 5,277 shares, compared to its average volume of 1,298,072. The company has a 50 day simple moving average of $41.46 and a 200-day simple moving average of $38.20. Arch Capital Group Ltd. has a 12 month low of $24.79 and a 12 month high of $42.86. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The firm has a market cap of $16.43 billion, a PE ratio of 18.45, a P/E/G ratio of 1.47 and a beta of 0.63.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, October 29th. The insurance provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Arch Capital Group had a net margin of 21.97% and a return on equity of 10.59%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.53 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 2.76 earnings per share for the current fiscal year.

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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