Meeder Advisory Services Inc. Takes $227,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Meeder Advisory Services Inc. acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,247 shares of the insurance provider’s stock, valued at approximately $227,000.

Several other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after acquiring an additional 14,233 shares during the last quarter. Gladstone Capital Management LLP increased its position in shares of Arch Capital Group by 52.8% in the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after purchasing an additional 478,570 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Arch Capital Group by 61.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after purchasing an additional 1,216,080 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Arch Capital Group by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after purchasing an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp lifted its position in Arch Capital Group by 42.2% during the first quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock valued at $5,045,000 after purchasing an additional 16,208 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $114.22 on Tuesday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $114.65. The firm has a market cap of $42.95 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.00 and a beta of 0.60. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $102.90 and a 200-day moving average of $98.33.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the business posted $1.92 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACGL shares. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Roth Mkm raised their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Citigroup raised their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods upped their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.93.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.