Marshfield Associates Boosts Stock Holdings in Arch Capital Group Ltd. $ACGL

Marshfield Associates boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,724,635 shares of the insurance provider’s stock after purchasing an additional 141,223 shares during the period. Arch Capital Group comprises approximately 4.3% of Marshfield Associates’ holdings, making the stock its 11th largest position. Marshfield Associates owned about 0.75% of Arch Capital Group worth $247,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Arch Capital Group in the second quarter valued at approximately $441,551,000. Cooke & Bieler LP purchased a new position in Arch Capital Group in the third quarter worth $210,856,000. First Trust Advisors LP raised its position in Arch Capital Group by 409.5% in the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Arch Capital Group by 289.1% in the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after acquiring an additional 1,016,919 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Arch Capital Group by 112.4% in the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after acquiring an additional 1,003,004 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.2%

Arch Capital Group stock opened at $93.70 on Tuesday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market capitalization of $33.34 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. The stock’s fifty day moving average is $96.19 and its two-hundred day moving average is $93.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same period in the previous year, the firm earned $2.26 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ACGL. Citigroup reaffirmed a “buy” rating and set a $120.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Friday, February 13th. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research note on Friday, January 16th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Evercore set a $100.00 target price on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Finally, Roth Mkm set a $110.00 target price on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $109.20.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the sale, the director owned 2,000 shares in the company, valued at $34,220. This represents a 60.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 78,267 shares of company stock worth $7,291,637. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Profile

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.