USS Investment Management Ltd Buys 5,112 Shares of Arch Capital Group Ltd. $ACGL

USS Investment Management Ltd boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,741 shares of the insurance provider’s stock after buying an additional 5,112 shares during the quarter. USS Investment Management Ltd’s holdings in Arch Capital Group were worth $6,119,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACGL. Daymark Wealth Partners LLC lifted its stake in shares of Arch Capital Group by 3.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the period. Keel Point LLC increased its position in Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 112 shares during the period. Legacy Advisors LLC increased its position in Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after purchasing an additional 112 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Arch Capital Group by 72.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Arch Capital Group by 12.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 1,245 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity

In related news, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction that occurred on 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 transaction, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred 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.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $102.20 on Friday. The company’s fifty day simple moving average is $93.75 and its 200-day simple moving average is $95.23. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a market cap of $35.71 billion, a PE ratio of 7.85, a P/E/G ratio of 4.93 and a beta of 0.31.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACGL shares. Mizuho reduced their price target on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Morgan Stanley set a $105.00 price target on Arch Capital Group in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $106.81.

Arch Capital Group 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.