Millennium Management LLC Invests $2.82 Million in Arch Capital Group (ACGL) Stock

Millennium Management LLC purchased a new stake in shares of Arch Capital Group (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,096 shares of the insurance provider’s stock, valued at approximately $2,823,000.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Arch Capital Group by 18.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,847,716 shares of the insurance provider’s stock worth $258,488,000 after buying an additional 436,449 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Arch Capital Group by 10.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,692,500 shares of the insurance provider’s stock worth $153,628,000 after buying an additional 165,200 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arch Capital Group by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,181,416 shares of the insurance provider’s stock worth $107,176,000 after buying an additional 16,567 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Arch Capital Group by 2.2% in the fourth quarter. Swiss National Bank now owns 867,368 shares of the insurance provider’s stock worth $78,731,000 after buying an additional 18,600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Arch Capital Group by 1.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 627,572 shares of the insurance provider’s stock worth $56,965,000 after buying an additional 6,160 shares in the last quarter. 77.80% of the stock is currently owned by institutional investors and hedge funds.

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Arch Capital Group stock opened at $80.86 on Wednesday. The firm has a market cap of $11,079.76, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. Arch Capital Group has a 52-week low of $78.19 and a 52-week high of $102.60.



Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.87%. Arch Capital Group’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. equities research analysts predict that Arch Capital Group will post 6.2 earnings per share for the current fiscal year.

In related news, CFO Mark Donald Lyons sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $89.39, for a total transaction of $536,340.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Constantine Iordanou purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $23.80 per share, for a total transaction of $166,600.00. Following the purchase, the chief executive officer now owns 7,000 shares of the company’s stock, valued at $166,600. The disclosure for this purchase can be found here. 5.10% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo set a $96.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Monday, February 12th. ValuEngine downgraded shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Keefe, Bruyette & Woods raised shares of Arch Capital Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Arch Capital Group currently has an average rating of “Hold” and a consensus price target of $102.43.

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Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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

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