State of Wisconsin Investment Board increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 152.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,703 shares of the insurance provider’s stock after buying an additional 52,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.06% of Arch Capital Group worth $8,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after buying an additional 471 shares during the period. Toronto Dominion Bank increased its position in Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock valued at $127,000 after buying an additional 281 shares during the period. Parallel Advisors LLC increased its position in Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock valued at $130,000 after buying an additional 156 shares during the period. Crow Point Partners LLC bought a new position in Arch Capital Group during the second quarter valued at $174,000. Finally, Atria Investments LLC bought a new position in Arch Capital Group during the second quarter valued at $203,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Shares of Arch Capital Group Ltd. (ACGL) opened at 97.41 on Friday. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The stock has a market cap of $13.10 billion, a PE ratio of 17.72 and a beta of 0.67. The stock has a 50 day moving average of $96.93 and a 200 day moving average of $95.33.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Equities research analysts forecast that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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Several research firms recently weighed in on ACGL. Keefe, Bruyette & Woods set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $93.10.

In other news, Director John D. Vollaro sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $97.31, for a total value of $973,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Constantine Iordanou sold 62,832 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $95.02, for a total transaction of $5,970,296.64. Following the completion of the sale, the chief executive officer now directly owns 108,851 shares of the company’s stock, valued at $10,343,022.02. The disclosure for this sale can be found here. Insiders have sold 143,598 shares of company stock valued at $13,820,641 over the last ninety days. Insiders own 6.60% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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