MBB Public Markets I LLC Has $2.67 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

MBB Public Markets I LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 632.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,454 shares of the insurance provider’s stock after acquiring an additional 22,843 shares during the quarter. MBB Public Markets I LLC’s holdings in Arch Capital Group were worth $2,669,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ACGL. UMB Bank n.a. bought a new position in Arch Capital Group in the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA boosted its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Richardson Financial Services Inc. bought a new position in Arch Capital Group during the 4th quarter worth about $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group in the first quarter valued at about $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.7 %

Shares of Arch Capital Group stock opened at $113.41 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day simple moving average of $105.74 and a two-hundred day simple moving average of $99.82. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $114.69. The company has a market capitalization of $42.58 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 2.05 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Citigroup raised their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company reduced their price target on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.73.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

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.