Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,181 shares of the insurance provider’s stock after buying an additional 18,240 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.13% of Arch Capital Group worth $16,172,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACGL. Acrospire Investment Management LLC bought a new stake in Arch Capital Group during the 2nd quarter worth about $112,000. Vantage Investment Advisors LLC lifted its position in Arch Capital Group by 1,372.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,252 shares of the insurance provider’s stock worth $117,000 after buying an additional 1,167 shares in the last quarter. Parallel Advisors LLC lifted its position in Arch Capital Group by 0.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after buying an additional 6 shares in the last quarter. Toronto Dominion Bank lifted its position in Arch Capital Group by 18.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after buying an additional 253 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Arch Capital Group during the 2nd quarter worth about $197,000. 76.36% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $95.25 on Friday. The company has a market cap of $12,624.11, a P/E ratio of 32.48, a P/E/G ratio of 2.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. Arch Capital Group Ltd. has a 52 week low of $79.86 and a 52 week high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. Arch Capital Group’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. equities analysts expect that Arch Capital Group Ltd. will post 3.27 earnings per share for the current year.

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ACGL has been the topic of several analyst reports. Wells Fargo & Company set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. Buckingham Research initiated coverage on shares of Arch Capital Group in a research report on Monday, September 11th. They set a “buy” rating and a $106.00 price target on the stock. UBS AG cut their price target on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $100.70.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 9,967 shares of Arch Capital Group stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total value of $969,888.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 80,694 shares of Arch Capital Group stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $93.80, for a total transaction of $7,569,097.20. The disclosure for this sale can be found here. Insiders sold 187,633 shares of company stock valued at $17,864,402 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

About Arch Capital Group

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.

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

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