Schwab Charles Investment Management Inc. Has $24.82 Million Position in Arch Capital Group Ltd. (ACGL)

Schwab Charles Investment Management Inc. increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,416 shares of the insurance provider’s stock after purchasing an additional 12,930 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.21% of Arch Capital Group worth $24,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in Arch Capital Group by 18.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,596 shares of the insurance provider’s stock worth $149,000 after purchasing an additional 253 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Arch Capital Group during the 2nd quarter valued at about $229,000. Dai Ichi Life Insurance Company Ltd purchased a new position in Arch Capital Group during the 3rd quarter valued at about $242,000. IFM Investors Pty Ltd purchased a new position in Arch Capital Group during the 3rd quarter valued at about $260,000. Finally, Gilman Hill Asset Management LLC purchased a new position in Arch Capital Group during the 3rd quarter valued at about $296,000. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Wells Fargo & Co set a $96.00 target price on Arch Capital Group and gave the company a “hold” rating in a research note on Monday, February 12th. BidaskClub cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. UBS Group reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $100.67.

In related news, CFO Mark Donald Lyons sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Louis T. Petrillo sold 5,921 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the completion of the sale, the insider now directly owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Arch Capital Group Ltd. (ACGL) opened at $89.86 on Friday. The firm has a market capitalization of $12,278.19, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. Arch Capital Group Ltd. has a 12 month low of $85.35 and a 12 month high of $102.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.83.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. equities research analysts forecast that Arch Capital Group Ltd. will post 6.24 earnings per share for the current year.

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Arch Capital Group Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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