Aigen Investment Management LP Takes $812,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Aigen Investment Management LP acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,935 shares of the insurance provider’s stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in Arch Capital Group by 2.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after acquiring an additional 144 shares during the last quarter. Signaturefd LLC boosted its stake in Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 146 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Arch Capital Group by 15.2% in the third quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares during the period. Chase Investment Counsel Corp raised its holdings in Arch Capital Group by 0.4% in the fourth quarter. Chase Investment Counsel Corp now owns 39,656 shares of the insurance provider’s stock worth $2,945,000 after purchasing an additional 148 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in Arch Capital Group by 2.2% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock worth $519,000 after purchasing an additional 149 shares during the period. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research report on Friday, February 16th. Morgan Stanley lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Get Our Latest Stock Report on Arch Capital Group

Insider Activity at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,689 shares of company stock worth $12,838,617. 4.00% of the stock is owned by company insiders.

Arch Capital Group Stock Up 1.1 %

ACGL traded up $1.10 during trading on Wednesday, hitting $102.75. 416,776 shares of the company’s stock were exchanged, compared to its average volume of 1,669,329. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $93.79 and its two-hundred day moving average is $86.01. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $103.21. The stock has a market cap of $38.58 billion, a P/E ratio of 8.10, a PEG ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 earnings per share. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.55 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.

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

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