Aware Super Pty Ltd as trustee of Aware Super Makes New $1.83 Million Investment in Arch Capital Group Ltd. $ACGL

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,035 shares of the insurance provider’s stock, valued at approximately $1,827,000.

A number of other large investors have also modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Arch Capital Group in the 2nd quarter valued at $253,000. CW Advisors LLC increased its stake in Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after buying an additional 189 shares during the period. Jump Financial LLC purchased a new position in Arch Capital Group during the 2nd quarter worth $667,000. Finally, Cerity Partners LLC lifted its stake in shares of Arch Capital Group by 11.6% in the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after acquiring an additional 4,933 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on ACGL shares. Cantor Fitzgerald reissued a “neutral” rating and set a $102.00 price target (up from $100.00) on shares of Arch Capital Group in a report on Thursday, July 9th. Wells Fargo & Company increased their target price on Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citigroup raised 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. JPMorgan Chase & Co. dropped their price objective on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Mizuho raised their target price on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.39.

Insider Activity

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by insiders.

Arch Capital Group Trading Up 1.3%

Shares of ACGL opened at $101.35 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. The company has a market capitalization of $35.41 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 4.98 and a beta of 0.31. The stock has a fifty day moving average of $95.09 and a two-hundred day moving average of $95.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business 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%. As a group, analysts forecast that Arch Capital Group Ltd. will post 9.35 EPS for the current 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.