Wellington Management Group LLP Has $115.50 Million Stake in Arch Capital Group Ltd. $ACGL

Wellington Management Group LLP raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,189,970 shares of the insurance provider’s stock after purchasing an additional 79,869 shares during the period. Wellington Management Group LLP’s holdings in Arch Capital Group were worth $115,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at about $27,000. WealthCollab LLC lifted its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. Torren Management LLC lifted its stake in shares of Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 117 shares during the period. JPL Wealth Management LLC bought a new stake in Arch Capital Group in the third quarter valued at approximately $28,000. Finally, Zions Bancorporation National Association UT boosted its holdings in Arch Capital Group by 390.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 258 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the transaction, the chief financial officer owned 184,826 shares in the company, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Trading Up 0.6%

NASDAQ ACGL opened at $98.61 on Wednesday. The stock has a market capitalization of $33.65 billion, a P/E ratio of 7.71, a P/E/G ratio of 4.83 and a beta of 0.30. The business has a 50 day simple moving average of $99.97 and a 200 day simple moving average of $96.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.09. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same period in the previous year, the firm earned $2.58 earnings per share. Research analysts expect that Arch Capital Group Ltd. will post 9.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on ACGL shares. 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 report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arch Capital Group in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.11.

Arch Capital Group Company 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.