Susquehanna Fundamental Investments LLC Acquires Shares of 21,100 Arch Capital Group Ltd. (NASDAQ:ACGL)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,100 shares of the insurance provider’s stock, valued at approximately $2,129,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. purchased a new position in Arch Capital Group during the second quarter valued at $30,000. Baldwin Brothers LLC MA lifted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Richardson Financial Services Inc. purchased a new position in Arch Capital Group during the fourth quarter valued at $33,000. Rothschild Investment LLC purchased a new position in Arch Capital Group during the second quarter valued at $35,000. Finally, LRI Investments LLC purchased a new position in Arch Capital Group during the first quarter valued at $38,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACGL shares. Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Wells Fargo & Company lowered 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. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. JMP Securities lifted their price target on Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five equities 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, the company has an average rating of “Moderate Buy” and a consensus target price of $113.73.

Arch Capital Group Trading Down 1.3 %

Arch Capital Group stock opened at $111.88 on Tuesday. The business has a 50-day simple moving average of $106.05 and a two-hundred day simple moving average of $100.03. The company has a market cap of $42.01 billion, a P/E ratio of 8.83, a P/E/G ratio of 2.05 and a beta of 0.60. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week 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 quarterly 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. 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 return on equity of 21.42% and a net margin of 35.19%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. Analysts predict 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 dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction 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 SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

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.