Bensler LLC Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bensler LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,921 shares of the insurance provider’s stock after buying an additional 126 shares during the quarter. Bensler LLC’s holdings in Arch Capital Group were worth $2,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ACGL. Vanguard Group Inc. grew its holdings in shares of Arch Capital Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after purchasing an additional 104,008 shares during the period. Principal Financial Group Inc. boosted its holdings in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider’s stock valued at $832,246,000 after purchasing an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after buying an additional 49,426 shares during the period. Capital International Investors increased its holdings in shares of Arch Capital Group by 61.1% during the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after buying an additional 1,560,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Arch Capital Group by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock valued at $396,026,000 after buying an additional 244,285 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $99.80 on Friday. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a fifty day simple moving average of $109.41 and a two-hundred day simple moving average of $102.89. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $2.31 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $5.00 per share.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group 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 of the company’s stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACGL. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JMP Securities increased their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.88.

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.