Susquehanna Fundamental Investments LLC Buys New Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Susquehanna Fundamental Investments LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,100 shares of the insurance provider’s stock, valued at approximately $2,129,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after purchasing an additional 104,008 shares in the last quarter. Capital World Investors raised its stake in Arch Capital Group by 0.6% in the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock valued at $788,086,000 after purchasing an additional 58,862 shares in the last quarter. Principal Financial Group Inc. raised its stake in Arch Capital Group by 4.4% in the second quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock valued at $716,415,000 after purchasing an additional 300,716 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Arch Capital Group by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock valued at $546,054,000 after purchasing an additional 99,329 shares in the last quarter. Finally, Capital International Investors raised its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after purchasing an additional 1,560,173 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. Barclays initiated coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America reduced their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $113.73.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $111.88 on Tuesday. The stock has a market cap of $42.01 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60. The firm’s fifty day simple moving average is $106.05 and its 200 day simple moving average is $100.03. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.