Quadrant Capital Group LLC Acquires 978 Shares of Arch Capital Group Ltd. $ACGL

by · The Cerbat Gem

Quadrant Capital Group LLC raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,695 shares of the insurance provider’s stock after purchasing an additional 978 shares during the period. Quadrant Capital Group LLC’s holdings in Arch Capital Group were worth $701,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Arch Capital Group in the first quarter worth approximately $399,651,000. JPMorgan Chase & Co. increased its position in Arch Capital Group by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock valued at $718,522,000 after purchasing an additional 1,743,945 shares during the period. GQG Partners LLC bought a new position in Arch Capital Group during the 1st quarter worth approximately $71,769,000. Champlain Investment Partners LLC lifted its position in shares of Arch Capital Group by 109.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,045,262 shares of the insurance provider’s stock worth $95,171,000 after purchasing an additional 545,777 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Arch Capital Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock valued at $3,861,845,000 after purchasing an additional 493,583 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Wolfe Research began coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Royal Bank Of Canada set a $108.00 target price on Arch Capital Group and gave the company an “outperform” rating in a research report on Monday, November 24th. UBS Group reiterated a “buy” rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $106.58.

View Our Latest Stock Analysis on Arch Capital Group

Arch Capital Group Trading Down 0.8%

Shares of Arch Capital Group stock opened at $93.16 on Tuesday. The stock has a market capitalization of $33.78 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $100.93. The stock has a 50 day moving average price of $90.01 and a two-hundred day moving average price of $90.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Profile

(Free Report)

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.

See Also

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