Denali Advisors LLC Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Denali Advisors LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,900 shares of the insurance provider’s stock after buying an additional 10,300 shares during the quarter. Denali Advisors LLC’s holdings in Arch Capital Group were worth $3,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACGL. CSat Investment Advisory L.P. purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter valued at about $71,000. Capital Bank & Trust Co raised its position in shares of Arch Capital Group by 74.4% during the 2nd quarter. Capital Bank & Trust Co now owns 1,915 shares of the insurance provider’s stock valued at $71,000 after buying an additional 817 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new stake in Arch Capital Group in the 2nd quarter worth about $200,000. Finally, Hancock Whitney Corp purchased a new stake in Arch Capital Group in the 2nd quarter worth about $217,000. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Arch Capital Group stock traded up $0.39 during midday trading on Wednesday, reaching $41.16. The stock had a trading volume of 1,091,136 shares, compared to its average volume of 1,211,105. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.27. Arch Capital Group Ltd. has a 52-week low of $24.79 and a 52-week high of $42.86. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64. The company has a fifty day moving average of $40.65 and a 200 day moving average of $36.73.



Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, July 29th. The insurance provider reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.08. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.24 billion. Arch Capital Group had a net margin of 20.48% and a return on equity of 10.58%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 2.82 EPS for the current year.

ACGL has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Barclays set a $47.00 price objective on shares of Arch Capital Group and gave the stock a “buy” rating in a research report on Monday, August 12th. BidaskClub raised shares of Arch Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 27th. MKM Partners increased their price objective on shares of Arch Capital Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Buckingham Research increased their price objective on shares of Arch Capital Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.04.

In other Arch Capital Group news, CEO Maamoun Rajeh sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $39.08, for a total value of $781,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Grandisson sold 78,300 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.05, for a total transaction of $3,135,915.00. Following the completion of the transaction, the chief executive officer now owns 92,309 shares in the company, valued at $3,696,975.45. The disclosure for this sale can be found here. Insiders sold a total of 141,300 shares of company stock worth $5,619,725 over the last 90 days. Insiders own 5.20% of the company’s stock.

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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