SG Americas Securities LLC Acquires 57,140 Shares of Arch Capital Group Ltd. $ACGL

SG Americas Securities LLC increased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 279.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,568 shares of the insurance provider’s stock after buying an additional 57,140 shares during the period. SG Americas Securities LLC’s holdings in Arch Capital Group were worth $7,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ACGL. TD Waterhouse Canada Inc. increased its stake in Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the period. Crescent Grove Advisors LLC grew its holdings in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares in the last quarter. TIAA Trust National Association increased its position in shares of Arch Capital Group by 3.1% in the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares during the period. Park National Corp OH raised its stake in Arch Capital Group by 4.4% in the second quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 120 shares in the last quarter. Finally, Greenleaf Trust lifted its position in Arch Capital Group by 4.2% during the second quarter. Greenleaf Trust now owns 3,082 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACGL shares. The Goldman Sachs Group reissued a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a report on Wednesday. Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Finally, Barclays set a $104.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.60.

Insider Activity

In related news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 220,666 shares of company stock valued at $20,728,673 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $95.18 on Friday. The company’s 50 day moving average price is $93.25 and its two-hundred day moving average price is $90.83. The firm has a market capitalization of $34.52 billion, a P/E ratio of 8.90, a P/E/G ratio of 2.17 and a beta of 0.45. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $97.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the company earned $1.99 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.