Legal & General Group Plc Has $56.42 Million Position in Arch Capital Group Ltd. (ACGL)

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Legal & General Group Plc increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 184.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,131,643 shares of the insurance provider’s stock after buying an additional 1,382,012 shares during the quarter. Legal & General Group Plc owned 0.52% of Arch Capital Group worth $56,417,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WINTON GROUP Ltd raised its position in Arch Capital Group by 11.5% in the 1st quarter. WINTON GROUP Ltd now owns 10,102 shares of the insurance provider’s stock valued at $865,000 after purchasing an additional 1,044 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Arch Capital Group by 9.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 12,868 shares of the insurance provider’s stock valued at $1,101,000 after purchasing an additional 1,103 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Arch Capital Group by 26.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,441 shares of the insurance provider’s stock valued at $465,000 after purchasing an additional 1,136 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Arch Capital Group by 3.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 34,061 shares of the insurance provider’s stock valued at $2,915,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Arch Capital Group by 16.3% in the 1st quarter. Toronto Dominion Bank now owns 8,958 shares of the insurance provider’s stock valued at $767,000 after purchasing an additional 1,254 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Several brokerages have issued reports on ACGL. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine upgraded Arch Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Goldman Sachs Group began coverage on Arch Capital Group in a research report on Monday, June 18th. They issued a “neutral” rating for the company. TheStreet upgraded Arch Capital Group from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.33.

In other news, CFO Francois Morin sold 1,938 shares of Arch Capital Group stock in a transaction on Monday, June 11th. The stock was sold at an average price of $83.11, for a total value of $161,067.18. Following the completion of the sale, the chief financial officer now directly owns 8,902 shares of the company’s stock, valued at approximately $739,845.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Rippert sold 6,170 shares of Arch Capital Group stock in a transaction on Friday, June 15th. The shares were sold at an average price of $80.88, for a total value of $499,029.60. Following the completion of the sale, the chief executive officer now directly owns 33,489 shares of the company’s stock, valued at $2,708,590.32. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

NASDAQ ACGL opened at $30.59 on Thursday. The firm has a market capitalization of $12.39 billion, a PE ratio of 22.87, a PEG ratio of 1.25 and a beta of 0.68. Arch Capital Group Ltd. has a 52 week low of $25.71 and a 52 week high of $34.20. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.31.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. During the same period last year, the firm earned $1.21 EPS. equities research analysts expect that Arch Capital Group Ltd. will post 2.23 EPS for the current year.

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

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