Janus Henderson Group PLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 89.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,207,234 shares of the insurance provider’s stock after buying an additional 571,456 shares during the period. Janus Henderson Group PLC’s holdings in Arch Capital Group were worth $31,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Arch Capital Group by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 289,897 shares of the insurance provider’s stock valued at $24,813,000 after purchasing an additional 16,481 shares during the period. Royal Bank of Canada boosted its holdings in shares of Arch Capital Group by 52.5% in the first quarter. Royal Bank of Canada now owns 98,427 shares of the insurance provider’s stock valued at $8,425,000 after purchasing an additional 33,879 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Arch Capital Group by 200.0% in the second quarter. Xact Kapitalforvaltning AB now owns 38,604 shares of the insurance provider’s stock valued at $1,021,000 after purchasing an additional 25,736 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Arch Capital Group by 181.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,984 shares of the insurance provider’s stock valued at $819,000 after purchasing an additional 19,959 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Arch Capital Group by 200.4% in the second quarter. Greenleaf Trust now owns 115,824 shares of the insurance provider’s stock valued at $3,065,000 after purchasing an additional 77,265 shares during the period. Hedge funds and other institutional investors own 80.58% of the company’s stock.

A number of analysts have weighed in on ACGL shares. ValuEngine lowered Arch Capital Group from a “sell” rating to a “strong sell” rating in a report on Friday, May 18th. Goldman Sachs Group started coverage on Arch Capital Group in a report on Monday, June 18th. They set a “neutral” rating for the company. BidaskClub lowered Arch Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Wells Fargo & Co restated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 20th. Finally, Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.15.

Arch Capital Group stock opened at $30.23 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.23 and a beta of 0.68. Arch Capital Group Ltd. has a twelve month low of $25.71 and a twelve month high of $34.20.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.24 billion. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. During the same quarter in the prior year, the business earned $1.21 earnings per share. analysts anticipate that Arch Capital Group Ltd. will post 2.23 earnings per share for the current fiscal year.

In other Arch Capital Group news, CEO Andrew Rippert sold 6,170 shares of the company’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $80.88, for a total transaction of $499,029.60. Following the completion of the sale, the chief executive officer now owns 33,489 shares in the company, valued at $2,708,590.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.10% of the stock is owned by corporate insiders.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

Further Reading: Closed-End Mutual Funds (CEFs)

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

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