American Century Companies Inc. Purchases 19,411 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

American Century Companies Inc. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 344,852 shares of the insurance provider’s stock after purchasing an additional 19,411 shares during the period. American Century Companies Inc. owned about 0.09% of Arch Capital Group worth $34,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA grew its holdings in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Arch Capital Group by 1.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Arch Capital Group by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after buying an additional 118 shares during the last quarter. Versant Capital Management Inc grew its position in Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares during the period. Finally, Headlands Technologies LLC increased its holdings in Arch Capital Group by 1.1% during the first quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock worth $1,159,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $113.96 on Wednesday. The firm has a market capitalization of $42.86 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.00 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $102.90 and its two-hundred day simple moving average is $98.33. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.69.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $1.92 earnings per share. Arch Capital Group’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. Roth Mkm lifted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada increased their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.93.

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.