Arch Capital Group Ltd. $ACGL Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Robeco Institutional Asset Management B.V. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,259,582 shares of the insurance provider’s stock after acquiring an additional 210,609 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.66% of Arch Capital Group worth $208,695,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACGL. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Arch Capital Group by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,235 shares of the insurance provider’s stock worth $4,824,000 after buying an additional 903 shares during the period. Novem Group lifted its stake in Arch Capital Group by 1.6% during the third quarter. Novem Group now owns 11,834 shares of the insurance provider’s stock valued at $1,093,000 after buying an additional 183 shares in the last quarter. Highland Financial Advisors LLC acquired a new position in shares of Arch Capital Group in the third quarter worth about $213,000. IFP Advisors Inc boosted its holdings in shares of Arch Capital Group by 114.9% in the third quarter. IFP Advisors Inc now owns 4,137 shares of the insurance provider’s stock worth $382,000 after buying an additional 2,212 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Arch Capital Group in the third quarter worth about $86,000. 89.07% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Francois Morin sold 11,010 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares of the company’s stock, valued at $18,356,918.32. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACGL. Cantor Fitzgerald cut their price target on shares of Arch Capital Group from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research report on Wednesday, July 15th. Morgan Stanley set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday, October 12th. Finally, UBS Group reiterated a “buy” rating and set a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.39.

Arch Capital Group Stock Up 0.8%

Shares of Arch Capital Group stock opened at $101.29 on Wednesday. The stock has a 50-day moving average price of $97.27 and a 200 day moving average price of $96.79. The company has a market cap of $34.56 billion, a P/E ratio of 7.92, a P/E/G ratio of 3.02 and a beta of 0.28. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company posted $2.58 EPS. As a group, analysts expect that Arch Capital Group Ltd. will post 9.70 EPS for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.