Sei Investments Co. Has $100.79 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sei Investments Co. lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 998,974 shares of the insurance provider’s stock after purchasing an additional 17,492 shares during the quarter. Sei Investments Co. owned approximately 0.27% of Arch Capital Group worth $100,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ACGL. Dynamic Technology Lab Private Ltd acquired a new stake in Arch Capital Group during the fourth quarter worth $285,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Arch Capital Group by 5.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 49,588 shares of the insurance provider’s stock valued at $3,683,000 after acquiring an additional 2,551 shares in the last quarter. US Bancorp DE increased its stake in Arch Capital Group by 44.5% in the fourth quarter. US Bancorp DE now owns 82,108 shares of the insurance provider’s stock valued at $6,098,000 after acquiring an additional 25,273 shares during the period. TCW Group Inc. raised its position in Arch Capital Group by 10.9% in the fourth quarter. TCW Group Inc. now owns 48,302 shares of the insurance provider’s stock worth $3,586,000 after purchasing an additional 4,744 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Arch Capital Group by 3.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,613 shares of the insurance provider’s stock worth $741,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

ACGL stock opened at $113.24 on Friday. The business has a fifty day moving average of $104.15 and a 200-day moving average of $98.89. The company has a market cap of $42.59 billion, a P/E ratio of 8.94, a PEG ratio of 2.07 and a beta of 0.60. 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.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) 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 company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company posted $1.92 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

ACGL has been the subject of several analyst reports. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Barclays began coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Finally, Evercore ISI raised their price objective on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.