Robeco Institutional Asset Management B.V. Buys 512,879 Shares of Arch Capital Group Ltd. $ACGL

Robeco Institutional Asset Management B.V. raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 99.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,029,515 shares of the insurance provider’s stock after buying an additional 512,879 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Arch Capital Group were worth $93,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in Arch Capital Group by 9.2% in the first quarter. Advisors Asset Management Inc. now owns 14,916 shares of the insurance provider’s stock valued at $1,435,000 after purchasing an additional 1,261 shares in the last quarter. Alliancebernstein L.P. grew its stake in Arch Capital Group by 10.6% during the first quarter. Alliancebernstein L.P. now owns 447,834 shares of the insurance provider’s stock worth $43,073,000 after buying an additional 42,763 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Arch Capital Group by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,474 shares of the insurance provider’s stock valued at $4,084,000 after buying an additional 2,224 shares during the period. NewEdge Advisors LLC raised its position in shares of Arch Capital Group by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 26,168 shares of the insurance provider’s stock valued at $2,517,000 after buying an additional 10,535 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Arch Capital Group by 2.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 35,163 shares of the insurance provider’s stock valued at $3,382,000 after buying an additional 900 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACGL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Mizuho set a $95.00 target price on Arch Capital Group and gave the company a “neutral” rating in a report on Monday, December 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $98.00 price target on shares of Arch Capital Group in a research note on Tuesday, October 28th. 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. Finally, Morgan Stanley raised their price objective on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.93.

Arch Capital Group Stock Down 0.6%

Shares of ACGL opened at $93.92 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $97.60. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 2.13 and a beta of 0.45. The stock has a fifty day moving average of $92.69 and a 200-day moving average of $90.74.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same quarter in the prior year, the firm earned $1.99 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John M. Pasquesi sold 8,800 shares of Arch Capital Group stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the sale, the insider directly owned 289,556 shares in the company, valued at $27,267,488.52. This trade represents a 2.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 220,666 shares of company stock worth $20,728,673. Company insiders own 4.10% 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.