Maren Capital LLC Reduces Position in Arch Capital Group Ltd. $ACGL

Maren Capital LLC trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,057,571 shares of the insurance provider’s stock after selling 121,299 shares during the period. Arch Capital Group accounts for about 4.8% of Maren Capital LLC’s portfolio, making the stock its 9th biggest holding. Maren Capital LLC’s holdings in Arch Capital Group were worth $102,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Elyxium Wealth LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $27,000. WealthCollab LLC boosted its position in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the period. Torren Management LLC boosted its position in Arch Capital Group by 66.9% during the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 117 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Arch Capital Group in the third quarter valued at $28,000. Finally, Zions Bancorporation National Association UT increased its holdings in shares of 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 purchasing an additional 258 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 1.7%

ACGL opened at $98.10 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $107.08. 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 company has a market capitalization of $33.47 billion, a P/E ratio of 7.67, a P/E/G ratio of 4.83 and a beta of 0.30. The stock has a fifty day moving average of $100.16 and a 200-day moving average of $96.78.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $2.58 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ACGL shares. Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arch Capital Group in a research note on Thursday, August 13th. UBS Group reissued a “buy” rating and issued a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Morgan Stanley increased their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company boosted their price objective on Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Hold” and a consensus target price of $111.11.

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.