Strycker View Capital LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, Holdings Channel reports. The firm acquired 100,000 shares of the insurance provider’s stock, valued at approximately $9,329,000. Arch Capital Group comprises approximately 4.7% of Strycker View Capital LLC’s portfolio, making the stock its 11th largest position.

A number of other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock worth $104,000 after buying an additional 471 shares during the period. Toronto Dominion Bank increased its stake in Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock worth $127,000 after buying an additional 281 shares during the period. Parallel Advisors LLC increased its stake in Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock worth $130,000 after buying an additional 156 shares during the period. Crow Point Partners LLC bought a new stake in Arch Capital Group during the second quarter worth approximately $174,000. Finally, Atria Investments LLC bought a new stake in Arch Capital Group during the second quarter worth approximately $203,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 97.26 on Wednesday. Arch Capital Group Ltd. has a 12 month low of $74.01 and a 12 month high of $99.47. The stock’s 50 day moving average is $95.82 and its 200-day moving average is $94.46. The company has a market cap of $13.08 billion, a P/E ratio of 17.69 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share. On average, equities analysts forecast that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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A number of equities research analysts have commented on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 target price on shares of Arch Capital Group in a research report on Tuesday, July 4th. Finally, Morgan Stanley lifted their target price on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $92.09.

In related news, CEO Nicolas Papadopoulo sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $95.39, for a total transaction of $1,907,800.00. Following the sale, the chief executive officer now owns 244,912 shares in the company, valued at $23,362,155.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark Donald Lyons sold 8,266 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $93.53, for a total transaction of $773,118.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,256 shares of company stock worth $18,352,593. 6.60% of the stock is owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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