Wells Fargo & Company MN raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,411,267 shares of the insurance provider’s stock after buying an additional 173,359 shares during the quarter. Wells Fargo & Company MN owned 1.84% of Arch Capital Group worth $237,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Citadel Advisors LLC grew its holdings in shares of Arch Capital Group by 1,388.0% during the 2nd quarter. Citadel Advisors LLC now owns 2,088,015 shares of the insurance provider’s stock worth $194,792,000 after purchasing an additional 1,947,691 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Arch Capital Group by 5,723.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,074,932 shares of the insurance provider’s stock worth $100,280,000 after buying an additional 1,056,473 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Arch Capital Group by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,331,707 shares of the insurance provider’s stock worth $963,845,000 after buying an additional 742,855 shares during the last quarter. FMR LLC lifted its position in shares of Arch Capital Group by 21.0% during the 2nd quarter. FMR LLC now owns 2,294,852 shares of the insurance provider’s stock worth $214,087,000 after buying an additional 398,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Arch Capital Group by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,609,474 shares of the insurance provider’s stock worth $150,148,000 after buying an additional 395,629 shares during the last quarter. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $94.69 on Friday. Arch Capital Group Ltd. has a 1 year low of $81.74 and a 1 year high of $102.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $12,652.90, a PE ratio of 32.55, a PEG ratio of 2.73 and a beta of 0.70.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.20). Arch Capital Group had a return on equity of 5.57% and a net margin of 9.44%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business earned $1.14 earnings per share. Arch Capital Group’s revenue was up 30.7% compared to the same quarter last year. research analysts predict that Arch Capital Group Ltd. will post 3.23 EPS for the current fiscal year.

In related news, CFO Mark Donald Lyons sold 9,967 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total transaction of $969,888.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 80,694 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $93.80, for a total value of $7,569,097.20. The disclosure for this sale can be found here. Insiders have sold 187,633 shares of company stock valued at $17,864,402 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

ACGL has been the subject of several recent analyst reports. Wells Fargo & Company set a $100.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. Buckingham Research initiated coverage on Arch Capital Group in a research report on Monday, September 11th. They set a “buy” rating and a $106.00 price objective for the company. UBS dropped their price objective on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $100.00 price objective on shares of Arch Capital Group in a research report on Thursday, September 21st. Finally, Zacks Investment Research downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.70.

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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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