Arch Capital Group Ltd. $ACGL Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1,308.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,947 shares of the insurance provider’s stock after purchasing an additional 47,329 shares during the period. Headlands Technologies LLC’s holdings in Arch Capital Group were worth $4,945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in Arch Capital Group in the fourth quarter valued at approximately $27,000. WealthCollab LLC boosted its holdings in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Torren Management LLC boosted its holdings in shares of Arch Capital Group by 66.9% in the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after buying an additional 117 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at $28,000. Finally, Zions Bancorporation National Association UT grew its position in shares of Arch Capital Group by 390.9% in the 4th quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACGL. Cantor Fitzgerald boosted their price target on shares of Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their target price on Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group restated a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Seven 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.11.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,010 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the transaction, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. This represents a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

Shares of ACGL opened at $98.84 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $33.73 billion, a P/E ratio of 7.73, a P/E/G ratio of 4.87 and a beta of 0.31. The company’s fifty day moving average is $99.75 and its two-hundred day moving average is $96.77. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business earned $2.58 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 9.44 earnings per share for the current year.

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.