5,000 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Schwab Charitable Fund

Schwab Charitable Fund acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the insurance provider’s stock, valued at approximately $462,000. Arch Capital Group comprises approximately 0.0% of Schwab Charitable Fund’s holdings, making the stock its 25th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Arch Capital Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock worth $3,776,996,000 after purchasing an additional 104,008 shares during the period. Capital World Investors lifted its position in Arch Capital Group by 0.6% in the fourth quarter. Capital World Investors now owns 10,611,092 shares of the insurance provider’s stock worth $788,086,000 after purchasing an additional 58,862 shares during the period. Principal Financial Group Inc. boosted its stake in Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after buying an additional 693,608 shares in the last quarter. Davis Asset Management L.P. increased its holdings in Arch Capital Group by 441.7% in the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock valued at $482,755,000 after buying an additional 5,300,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Arch Capital Group by 1.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,907,122 shares of the insurance provider’s stock valued at $546,054,000 after buying an additional 99,329 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ACGL shares. Bank of America cut their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a report on Tuesday, April 30th. Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.53.

Arch Capital Group Stock Up 1.6 %

Arch Capital Group stock traded up $1.57 during midday trading on Friday, reaching $98.67. The stock had a trading volume of 3,584,653 shares, compared to its average volume of 1,302,962. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $103.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.60. The firm’s fifty day simple moving average is $99.13 and its 200-day simple moving average is $93.12. The stock has a market capitalization of $37.05 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.81 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, analysts expect that Arch Capital Group Ltd. will post 8.75 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.