Mn Services Vermogensbeheer B.V. Has $16.01 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mn Services Vermogensbeheer B.V. lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,100 shares of the insurance provider’s stock after selling 3,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Arch Capital Group were worth $16,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. bought a new stake in Arch Capital Group in the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA increased its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares during the period. Rothschild Investment LLC bought a new position in Arch Capital Group during the second quarter worth $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at $38,000. Finally, Versant Capital Management Inc boosted its position in shares of Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 1.1 %

ACGL opened at $95.00 on Tuesday. The firm has a market capitalization of $35.73 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. The company has a fifty day moving average price of $110.43 and a 200-day moving average price of $102.87. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the previous year, the company posted $2.31 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ACGL. Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Bank of America upped their target price on shares of Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays assumed coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $119.87.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.00% 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.