Polianta Ltd Makes New Investment in Arch Capital Group Ltd. $ACGL

Polianta Ltd bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 16,000 shares of the insurance provider’s stock, valued at approximately $1,451,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC boosted its position in shares of Arch Capital Group by 1.4% during the 3rd quarter. CWM LLC now owns 257,598 shares of the insurance provider’s stock worth $23,372,000 after acquiring an additional 3,499 shares in the last quarter. Pacer Advisors Inc. increased its position in Arch Capital Group by 34.0% in the 3rd quarter. Pacer Advisors Inc. now owns 40,700 shares of the insurance provider’s stock valued at $3,693,000 after acquiring an additional 10,325 shares during the period. Swedbank AB lifted its stake in shares of Arch Capital Group by 11.9% in the 3rd quarter. Swedbank AB now owns 1,899,260 shares of the insurance provider’s stock worth $172,320,000 after acquiring an additional 201,474 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Arch Capital Group by 14.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 3,895 shares of the insurance provider’s stock valued at $353,000 after buying an additional 496 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $290,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 0.3%

ACGL stock opened at $96.69 on Friday. The business’s 50 day simple moving average is $91.31 and its 200 day simple moving average is $90.47. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $97.60. The firm has a market capitalization of $35.06 billion, a PE ratio of 9.04, a PEG ratio of 2.25 and a beta of 0.47. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the company posted $1.99 earnings per share. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ACGL shares. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. This trade represents a 36.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 220,666 shares of company stock worth $20,728,673. Corporate insiders own 4.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.