Renaissance Group LLC Has $35.56 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Renaissance Group LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,571 shares of the insurance provider’s stock after purchasing an additional 6,439 shares during the quarter. Arch Capital Group makes up 1.4% of Renaissance Group LLC’s portfolio, making the stock its 27th biggest position. Renaissance Group LLC owned 0.10% of Arch Capital Group worth $35,561,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Arch Capital Group by 0.5% during the first quarter. Victory Capital Management Inc. now owns 229,402 shares of the insurance provider’s stock worth $22,064,000 after buying an additional 1,131 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Arch Capital Group by 8.0% in the 1st quarter. Private Advisor Group LLC now owns 11,121 shares of the insurance provider’s stock valued at $1,070,000 after purchasing an additional 823 shares during the period. Kestra Private Wealth Services LLC bought a new position in shares of Arch Capital Group in the 1st quarter worth $275,000. IFP Advisors Inc boosted its position in shares of Arch Capital Group by 31.0% in the 1st quarter. IFP Advisors Inc now owns 2,280 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 540 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Arch Capital Group by 1.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 87,732 shares of the insurance provider’s stock worth $8,438,000 after purchasing an additional 1,538 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Down 0.0%

ACGL opened at $91.79 on Wednesday. The stock has a market capitalization of $33.29 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.24 and a beta of 0.47. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $101.66. The firm’s fifty day simple moving average is $89.42 and its 200 day simple moving average is $90.43.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter last year, the business posted $1.99 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACGL shares. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Morgan Stanley lifted their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. The Goldman Sachs Group set a $88.00 target price on shares of Arch Capital Group and gave the stock a “sell” rating in a report on Tuesday, October 14th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average target price of $106.75.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.10% of the company’s stock.

About Arch Capital Group

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; 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.