Sustainable Insight Capital Management LLC Invests $2.49 Million in Arch Capital Group Ltd. $ACGL

Sustainable Insight Capital Management LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,976 shares of the insurance provider’s stock, valued at approximately $2,493,000. Arch Capital Group comprises about 0.8% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Arch Capital Group during the 4th quarter valued at about $463,208,000. Morgan Stanley boosted its position in shares of Arch Capital Group by 0.8% in the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after acquiring an additional 33,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Arch Capital Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after acquiring an additional 117,929 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after purchasing an additional 160,326 shares during the period. Finally, Legal & General Group Plc grew its holdings in Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after purchasing an additional 121,090 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of several research reports. Mizuho boosted their price objective on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Citigroup lifted their target price on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $102.00 price target (up from $100.00) on shares of Arch Capital Group in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.82.

Arch Capital Group Stock Up 3.3%

NASDAQ:ACGL opened at $103.36 on Friday. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 4.99 and a beta of 0.31. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $105.09. The stock has a 50-day simple moving average of $95.81 and a 200 day simple moving average of $95.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Sell-side analysts predict that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Arch Capital Group Company 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.