Edgestream Partners L.P. Acquires Shares of 10,675 Arch Capital Group Ltd. (NASDAQ:ACGL)

Edgestream Partners L.P. bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,675 shares of the insurance provider’s stock, valued at approximately $1,077,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. UMB Bank n.a. acquired a new position in Arch Capital Group during the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA lifted its holdings in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new stake in Arch Capital Group during the second quarter worth $35,000. LRI Investments LLC purchased a new stake in Arch Capital Group in the 1st quarter valued at $40,000. Finally, Richardson Financial Services Inc. bought a new position in Arch Capital Group during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $113.24 on Friday. The company has a 50-day moving average price of $103.82 and a two-hundred day moving average price of $98.71. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $42.59 billion, a PE ratio of 8.94, a P/E/G ratio of 2.07 and a beta of 0.60.

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, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business earned $1.92 EPS. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. Equities analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Insider Buying and Selling 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 sale, the chief financial officer now 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Roth Mkm increased their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Bank of America reduced their target price on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Evercore ISI boosted their price objective on Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $113.73.

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.