Quantinno Capital Management LP Has $23.87 Million Holdings in Arch Capital Group Ltd. $ACGL

Quantinno Capital Management LP boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,635 shares of the insurance provider’s stock after purchasing an additional 62,387 shares during the period. Quantinno Capital Management LP’s holdings in Arch Capital Group were worth $23,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACGL. Norges Bank acquired a new position in shares of Arch Capital Group during the fourth quarter worth about $463,208,000. Morgan Stanley raised its position in Arch Capital Group by 0.8% in the 4th quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after buying an additional 33,132 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Arch Capital Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock valued at $400,643,000 after acquiring an additional 117,929 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Arch Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after acquiring an additional 160,326 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Arch Capital Group by 4.3% during the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after acquiring an additional 121,090 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Mizuho boosted 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 report on Thursday, July 9th. Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a report on Wednesday, July 8th. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Finally, Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research note on Wednesday, July 15th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.39.

Arch Capital Group Trading Down 0.6%

Shares of Arch Capital Group stock opened at $100.53 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.08. The stock has a market cap of $35.12 billion, a P/E ratio of 7.86, a P/E/G ratio of 10.64 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $96.51 and its 200-day moving average is $96.10.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the business earned $2.58 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 9.36 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.