Clinton Group Inc. Raises Stake in Arch Capital Group Ltd. (ACGL)

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Clinton Group Inc. lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 30.1% during the 3rd quarter, Holdings Channel reports. The firm owned 12,856 shares of the insurance provider’s stock after acquiring an additional 2,971 shares during the quarter. Clinton Group Inc.’s holdings in Arch Capital Group were worth $383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ACGL. Captrust Financial Advisors increased its holdings in shares of Arch Capital Group by 2,284.8% in the second quarter. Captrust Financial Advisors now owns 4,078 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 3,907 shares during the last quarter. Hall Laurie J Trustee increased its holdings in shares of Arch Capital Group by 200.0% in the second quarter. Hall Laurie J Trustee now owns 4,989 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 3,326 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in shares of Arch Capital Group by 200.0% in the second quarter. D Orazio & Associates Inc. now owns 5,400 shares of the insurance provider’s stock worth $143,000 after purchasing an additional 3,600 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Arch Capital Group by 226.1% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,880 shares of the insurance provider’s stock worth $156,000 after purchasing an additional 4,077 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Arch Capital Group in the third quarter worth about $156,000. 80.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ACGL opened at $27.20 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31. Arch Capital Group Ltd. has a 1-year low of $25.71 and a 1-year high of $34.20. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.22 and a beta of 0.69.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 31st. The insurance provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 2.23 EPS for the current fiscal year.

In other Arch Capital Group news, insider Louis T. Petrillo sold 9,573 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $30.43, for a total transaction of $291,306.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Vollaro sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $30.06, for a total value of $315,630.00. The disclosure for this sale can be found here. Insiders have sold 35,073 shares of company stock worth $1,056,936 over the last three months. 5.10% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 20th. BidaskClub cut Arch Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. TheStreet raised Arch Capital Group from a “c” rating to a “b-” rating in a report on Monday, July 30th. Bank of America lifted their target price on Arch Capital Group from $28.00 to $30.00 and gave the stock an “underperform” rating in a report on Wednesday, August 1st. Finally, Credit Suisse Group assumed coverage on Arch Capital Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $34.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.29.

Arch Capital Group Company 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.

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

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