Caisse DE Depot ET Placement DU Quebec Purchases 393,000 Shares of Arch Capital Group Ltd. (ACGL)

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Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5,458.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,200 shares of the insurance provider’s stock after buying an additional 393,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Arch Capital Group worth $10,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Arch Capital Group by 2,284.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,078 shares of the insurance provider’s stock worth $108,000 after buying an additional 3,907 shares in the last quarter. Hall Laurie J Trustee boosted its position in Arch Capital Group by 200.0% during the second quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 3,326 shares in the last quarter. Twin Tree Management LP bought a new stake in Arch Capital Group during the first quarter valued at about $141,000. D Orazio & Associates Inc. boosted its position in Arch Capital Group by 200.0% during the second quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in Arch Capital Group by 200.0% during the second quarter. Systematic Financial Management LP now owns 6,300 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 4,200 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ACGL opened at $30.28 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. Arch Capital Group Ltd. has a fifty-two week low of $25.71 and a fifty-two week high of $34.20.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.21 earnings per share. equities analysts anticipate that Arch Capital Group Ltd. will post 2.23 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. BidaskClub raised Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, July 10th. ValuEngine downgraded Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 20th. Finally, TheStreet raised Arch Capital Group from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Arch Capital Group currently has a consensus rating of “Hold” and an average price target of $18.33.

In other Arch Capital Group news, CEO Andrew Rippert sold 6,170 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was 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 owns 33,489 shares of the company’s stock, valued at $2,708,590.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 1,938 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

About Arch Capital Group

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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