BlackRock Inc. Grows Holdings in Arch Capital Group Ltd. (ACGL)

BlackRock Inc. boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,775,928 shares of the insurance provider’s stock after purchasing an additional 1,058,345 shares during the quarter. BlackRock Inc. owned about 6.86% of Arch Capital Group worth $742,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Capital International Investors purchased a new position in Arch Capital Group during the 3rd quarter worth $393,068,000. FMR LLC increased its holdings in Arch Capital Group by 182.3% during the 2nd quarter. FMR LLC now owns 6,262,026 shares of the insurance provider’s stock worth $165,693,000 after purchasing an additional 4,043,479 shares during the period. Bank of New York Mellon Corp increased its holdings in Arch Capital Group by 191.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,610,368 shares of the insurance provider’s stock worth $42,611,000 after purchasing an additional 1,058,679 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in Arch Capital Group by 35.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,550,788 shares of the insurance provider’s stock worth $76,039,000 after purchasing an additional 671,796 shares during the period. Finally, California Public Employees Retirement System increased its holdings 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 worth $52,227,000 after purchasing an additional 567,170 shares during the period. Institutional investors own 80.42% of the company’s stock.

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In related news, Director Yiorgos Lillikas sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $32.30, for a total transaction of $64,600.00. Following the transaction, the director now directly owns 51,214 shares in the company, valued at approximately $1,654,212.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Francois Morin sold 2,648 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $32.14, for a total value of $85,106.72. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Shares of NASDAQ:ACGL opened at $32.87 on Monday. Arch Capital Group Ltd. has a 12-month low of $24.79 and a 12-month high of $33.03. The firm has a market capitalization of $13.07 billion, a PE ratio of 14.94, a P/E/G ratio of 1.15 and a beta of 0.68. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.30.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, February 12th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. Arch Capital Group had a return on equity of 10.13% and a net margin of 13.91%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $1.34 EPS. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 2.56 EPS for the current year.

ACGL has been the topic of several research reports. Barclays upgraded Arch Capital Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $29.00 to $32.00 in a report on Wednesday, January 9th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. Zacks Investment Research upgraded Arch Capital Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, January 3rd. Morgan Stanley set a $22.00 price objective on Arch Capital Group and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, ValuEngine upgraded Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.67.

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Arch Capital Group Company 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.

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