Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,838 shares of the insurance provider’s stock after selling 540 shares during the period. Arch Capital Group comprises about 1.0% of Gunderson Capital Management Inc.’s portfolio, making the stock its 27th biggest holding. Gunderson Capital Management Inc.’s holdings in Arch Capital Group were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Arch Capital Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 34,253,429 shares of the insurance provider’s stock worth $1,658,551,000 after acquiring an additional 846,179 shares in the last quarter. BlackRock Inc. grew its holdings in Arch Capital Group by 2.1% in the first quarter. BlackRock Inc. now owns 26,059,274 shares of the insurance provider’s stock valued at $1,768,643,000 after purchasing an additional 534,690 shares during the period. WCM Investment Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $866,650,000. State Street Corp lifted its position in shares of Arch Capital Group by 0.8% during the 3rd quarter. State Street Corp now owns 8,149,909 shares of the insurance provider’s stock valued at $371,147,000 after buying an additional 64,171 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Arch Capital Group by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 7,902,500 shares of the insurance provider’s stock valued at $535,165,000 after acquiring an additional 121,919 shares during the period. 87.21% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

ACGL stock traded down $0.06 on Friday, hitting $79.00. The company’s stock had a trading volume of 1,963,957 shares, compared to its average volume of 1,386,671. Arch Capital Group Ltd. has a 1 year low of $41.05 and a 1 year high of $84.83. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24. The stock has a market cap of $29.46 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72. The firm has a 50 day moving average of $77.49 and a two-hundred day moving average of $73.34.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.27. Arch Capital Group had a net margin of 19.31% and a return on equity of 18.57%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the firm posted $1.34 EPS. Arch Capital Group’s quarterly revenue was up 27.7% on a year-over-year basis. Equities analysts predict that Arch Capital Group Ltd. will post 6.73 EPS for the current fiscal year.

Analyst Ratings Changes

ACGL has been the subject of a number of research analyst reports. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. JMP Securities upped their target price on shares of Arch Capital Group from $85.00 to $90.00 in a report on Thursday, July 27th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Morgan Stanley began coverage on shares of Arch Capital Group in a research note on Tuesday, June 20th. They set an “overweight” rating and a $92.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.55.

About Arch Capital Group

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; 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.