Weiss Asset Management LP Purchases 19,860 Shares of Arch Capital Group Ltd. $ACGL

Weiss Asset Management LP boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 88.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,300 shares of the insurance provider’s stock after purchasing an additional 19,860 shares during the period. Weiss Asset Management LP’s holdings in Arch Capital Group were worth $4,060,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Legacy Advisors LLC lifted its stake in shares of Arch Capital Group by 1.2% in the 4th 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. Twin Capital Management Inc. grew its position in Arch Capital Group by 1.4% during the first quarter. Twin Capital Management Inc. now owns 8,177 shares of the insurance provider’s stock valued at $785,000 after buying an additional 116 shares during the period. V Square Quantitative Management LLC grew its position in Arch Capital Group by 1.3% during the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after buying an additional 123 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after buying an additional 136 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in Arch Capital Group by 12.7% during the second quarter. Transamerica Financial Advisors LLC now owns 1,245 shares of the insurance provider’s stock valued at $113,000 after buying an additional 140 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Barclays upped their price objective on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Keefe, Bruyette & Woods lowered 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. Finally, Citigroup upped their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $103.36 on Monday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $105.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $36.11 billion, a PE ratio of 7.94, a PEG ratio of 5.15 and a beta of 0.31. The stock has a fifty day simple moving average of $95.81 and a two-hundred day simple moving average of $95.82.

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. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion for the quarter. On average, analysts predict that Arch Capital Group Ltd. will post 9.34 EPS 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.