Xact Kapitalforvaltning AB Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Xact Kapitalforvaltning AB lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,918 shares of the insurance provider’s stock after purchasing an additional 1,929 shares during the period. Xact Kapitalforvaltning AB’s holdings in Arch Capital Group were worth $1,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Arch Capital Group by 200.0% during the 1st quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 632 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $35,000. Optimum Investment Advisors increased its stake in shares of Arch Capital Group by 333.3% in the first quarter. Optimum Investment Advisors now owns 1,300 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,000 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $90,000. Finally, Ffcm LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $106,000. 80.04% of the stock is owned by hedge funds and other institutional investors.

In other Arch Capital Group news, insider Louis T. Petrillo sold 23,982 shares of Arch Capital Group stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $34.33, for a total transaction of $823,302.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Maamoun Rajeh sold 17,712 shares of Arch Capital Group stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $33.71, for a total transaction of $597,071.52. Following the sale, the chief executive officer now owns 330,031 shares of the company’s stock, valued at $11,125,345.01. The disclosure for this sale can be found here. Insiders have sold 498,343 shares of company stock worth $16,927,360 over the last ninety days. 5.20% of the stock is owned by insiders.

ACGL has been the topic of a number of research reports. BidaskClub lowered shares of Arch Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 13th. ValuEngine upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Wells Fargo & Co restated a “hold” rating and set a $32.00 price target on shares of Arch Capital Group in a research report on Tuesday, April 30th. Finally, Morgan Stanley set a $32.00 price target on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Arch Capital Group presently has a consensus rating of “Hold” and an average price target of $34.48.

ACGL traded up $0.76 during midday trading on Monday, hitting $37.84. 1,339,796 shares of the company traded hands, compared to its average volume of 1,175,502. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $15.19 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.67. Arch Capital Group Ltd. has a 52-week low of $24.79 and a 52-week high of $37.87. The stock’s 50 day moving average price is $35.16.

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

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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