Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. trimmed its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,525 shares of the insurance provider’s stock after selling 1,030 shares during the period. Arch Capital Group accounts for about 2.1% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 28th largest position. Benson Investment Management Company Inc.’s holdings in Arch Capital Group were worth $5,205,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fiduciary Financial Group LLC grew its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after acquiring an additional 103 shares during the last quarter. Baldwin Brothers LLC MA lifted its holdings in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 106 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 117 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in 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 valued at $536,000 after purchasing an additional 118 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $110.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased 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, August 1st. Finally, TD Cowen increased their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.87.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $111.09 on Tuesday. The firm has a market capitalization of $41.71 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 2.03 and a beta of 0.59. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The stock’s 50 day moving average price is $109.21 and its 200 day moving average price is $101.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business earned $1.92 EPS. The business’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 9.11 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred 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 directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

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.