Dynamic Technology Lab Private Ltd Acquires 7,927 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Dynamic Technology Lab Private Ltd increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 42.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,809 shares of the insurance provider’s stock after purchasing an additional 7,927 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Arch Capital Group were worth $866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Arch Capital Group in the 4th quarter worth $90,777,000. BlackRock Inc. increased its position in Arch Capital Group by 4.0% during the 1st quarter. BlackRock Inc. now owns 28,877,605 shares of the insurance provider’s stock valued at $933,325,000 after buying an additional 1,101,677 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Arch Capital Group by 876.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,134,453 shares of the insurance provider’s stock valued at $36,666,000 after buying an additional 1,018,319 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Arch Capital Group by 885.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 645,596 shares of the insurance provider’s stock valued at $20,862,000 after buying an additional 580,071 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Arch Capital Group by 40.9% during the 4th quarter. California Public Employees Retirement System now owns 1,954,606 shares of the insurance provider’s stock valued at $52,227,000 after buying an additional 567,170 shares in the last quarter. 80.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Maamoun Rajeh sold 17,712 shares of Arch Capital Group stock in a transaction on Friday, May 17th. The shares were sold at an average price of $33.71, for a total value of $597,071.52. Following the transaction, the chief executive officer now owns 330,031 shares in the company, valued at approximately $11,125,345.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Grandisson sold 55,408 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $33.86, for a total transaction of $1,876,114.88. Following the completion of the transaction, the chief executive officer now owns 115,487 shares in the company, valued at approximately $3,910,389.82. The disclosure for this sale can be found here. Insiders sold a total of 498,343 shares of company stock worth $16,927,360 in the last quarter. Insiders own 5.20% of the company’s stock.

Shares of ACGL stock traded up $0.76 on Monday, reaching $37.84. 1,339,796 shares of the stock were exchanged, compared to its average volume of 1,175,502. The stock has a market cap of $15.19 billion, a PE ratio of 17.20, a P/E/G ratio of 1.39 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $34.96. Arch Capital Group Ltd. has a 1-year low of $24.79 and a 1-year high of $37.87.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, April 30th. The insurance provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a net margin of 17.93% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 2.67 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. BidaskClub raised Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Deutsche Bank raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $35.35 price objective on the stock in a report on Wednesday, June 26th. Barclays increased their price objective on Arch Capital Group from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Monday. ValuEngine raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $32.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.48.

Arch Capital Group Profile

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.

Further Reading: Beta

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

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.