Channing Global Advisors LLC Has $51,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Channing Global Advisors LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 94.5% in the first quarter, Holdings Channel reports. The firm owned 530 shares of the insurance provider’s stock after selling 9,072 shares during the quarter. Channing Global Advisors LLC’s holdings in Arch Capital Group were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACGL. Daymark Wealth Partners LLC lifted its position in shares of Arch Capital Group by 3.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the period. Keel Point LLC increased its position in shares of Arch Capital Group by 4.6% in the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 112 shares during the period. Legacy Advisors LLC increased its position in shares of Arch Capital Group by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after purchasing an additional 112 shares during the period. V Square Quantitative Management LLC raised its stake in Arch Capital Group by 1.3% in the first quarter. V Square Quantitative Management LLC now owns 9,453 shares of the insurance provider’s stock valued at $907,000 after purchasing an additional 123 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACGL. Mizuho increased their price objective on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday. Cantor Fitzgerald restated a “neutral” rating and issued a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research report on Thursday. UBS Group reaffirmed a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $108.12.

Insider Activity at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Stock Down 0.3%

Shares of NASDAQ ACGL opened at $101.70 on Friday. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 5.12 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $105.09. The stock has a 50-day moving average price of $94.27 and a two-hundred day moving average price of $95.45.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The company had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, analysts forecast that Arch Capital Group Ltd. will post 9.27 earnings per share for the current fiscal year.

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.