Envestnet Asset Management Inc. Has $4.14 Million Position in Arch Capital Group (ACGL)

Envestnet Asset Management Inc. increased its position in shares of Arch Capital Group (NASDAQ:ACGL) by 31.0% in the first quarter, HoldingsChannel reports. The firm owned 48,307 shares of the insurance provider’s stock after acquiring an additional 11,425 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Arch Capital Group were worth $4,135,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new position in Arch Capital Group in the fourth quarter valued at $3,332,000. American International Group Inc. boosted its stake in Arch Capital Group by 51.1% in the fourth quarter. American International Group Inc. now owns 7,768 shares of the insurance provider’s stock valued at $705,000 after acquiring an additional 2,628 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Arch Capital Group by 5.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 273,416 shares of the insurance provider’s stock valued at $24,818,000 after acquiring an additional 12,930 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Arch Capital Group by 141.2% in the fourth quarter. Victory Capital Management Inc. now owns 585,047 shares of the insurance provider’s stock valued at $53,105,000 after acquiring an additional 342,497 shares in the last quarter. Finally, University of Notre Dame DU Lac boosted its stake in Arch Capital Group by 52.0% in the fourth quarter. University of Notre Dame DU Lac now owns 74,809 shares of the insurance provider’s stock valued at $6,790,000 after acquiring an additional 25,592 shares in the last quarter. Hedge funds and other institutional investors own 80.32% of the company’s stock.

In other news, CFO Mark Donald Lyons sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $89.39, for a total value of $536,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian S. Posner bought 3,000 shares of Arch Capital Group stock in a transaction dated Thursday, May 3rd. The stock was acquired at an average cost of $78.63 per share, with a total value of $235,890.00. Following the completion of the acquisition, the director now directly owns 24,439 shares of the company’s stock, valued at approximately $1,921,638.57. The disclosure for this purchase can be found here. Insiders sold 24,000 shares of company stock valued at $1,981,620 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Shares of NASDAQ:ACGL opened at $78.58 on Friday. Arch Capital Group has a one year low of $77.12 and a one year high of $102.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $10.69 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, May 1st. The insurance provider reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Arch Capital Group had a net margin of 9.41% and a return on equity of 6.04%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. sell-side analysts predict that Arch Capital Group will post 6.34 EPS for the current year.

Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 18th. Wells Fargo & Co restated a “hold” rating on shares of Arch Capital Group in a research note on Monday, May 14th. BidaskClub downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. TheStreet downgraded shares of Arch Capital Group from a “b” rating to a “c” rating in a research note on Tuesday, May 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Arch Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $103.50.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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