High Ground Investment Management LLP Acquires Shares of 308,348 Arch Capital Group Ltd. (NASDAQ:ACGL)

High Ground Investment Management LLP bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 308,348 shares of the insurance provider’s stock, valued at approximately $22,901,000. Arch Capital Group makes up about 11.3% of High Ground Investment Management LLP’s investment portfolio, making the stock its 3rd biggest position. High Ground Investment Management LLP owned 0.08% of Arch Capital Group as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACGL. Commonwealth Equity Services LLC grew its holdings in shares of Arch Capital Group by 109.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 45,198 shares of the insurance provider’s stock worth $3,603,000 after purchasing an additional 23,607 shares in the last quarter. Dakota Wealth Management boosted its stake in Arch Capital Group by 21.1% in the third quarter. Dakota Wealth Management now owns 7,909 shares of the insurance provider’s stock valued at $630,000 after buying an additional 1,380 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Arch Capital Group by 4.7% in the third quarter. Stratos Wealth Partners LTD. now owns 13,011 shares of the insurance provider’s stock valued at $1,037,000 after buying an additional 585 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Arch Capital Group by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 182,300 shares of the insurance provider’s stock valued at $14,531,000 after buying an additional 4,900 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its stake in Arch Capital Group by 62.5% in the third quarter. Strategic Investment Advisors MI now owns 13,055 shares of the insurance provider’s stock valued at $1,041,000 after buying an additional 5,020 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,689 shares of company stock valued at $11,872,217. 4.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ACGL has been the topic of several research analyst reports. Evercore ISI raised their price objective on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research note on Tuesday. Citigroup reduced their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, January 22nd. JMP Securities raised their price objective on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Arch Capital Group Trading Down 0.7 %

Shares of ACGL traded down $0.63 during mid-day trading on Thursday, reaching $95.17. 1,458,021 shares of the company were exchanged, compared to its average volume of 1,734,877. Arch Capital Group Ltd. has a 52 week low of $69.05 and a 52 week high of $96.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market capitalization of $35.70 billion, a PE ratio of 7.49, a PEG ratio of 1.16 and a beta of 0.56. The business has a 50 day simple moving average of $90.82 and a two-hundred day simple moving average of $84.63.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Arch Capital Group Ltd. will post 8.09 earnings per share for the current fiscal year.

Arch Capital Group Profile

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