Meeder Asset Management Inc. Has $1.07 Million Stock Position in Arch Capital Group Ltd. $ACGL

Meeder Asset Management Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8,987.0% in the first quarter, HoldingsChannel reports. The firm owned 11,177 shares of the insurance provider’s stock after purchasing an additional 11,054 shares during the period. Meeder Asset Management Inc.’s holdings in Arch Capital Group were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after acquiring an additional 121,090 shares in the last quarter. National Pension Service lifted its position in shares of Arch Capital Group by 8.5% during the 4th quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after acquiring an additional 53,661 shares during the period. Asset Management One Co. Ltd. boosted its stake in Arch Capital Group by 10.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock worth $18,024,000 after acquiring an additional 17,923 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Arch Capital Group by 50.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after acquiring an additional 518,527 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Arch Capital Group by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,033,834 shares of the insurance provider’s stock worth $99,165,000 after purchasing an additional 33,869 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $101.83 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $95.25 and a two-hundred day simple moving average of $95.66. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $105.09. The firm has a market capitalization of $35.58 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion for the quarter. Analysts forecast that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ACGL. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays increased their price objective on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho raised their target price on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.82.

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.