Schwab Charitable Fund Invests $462,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Schwab Charitable Fund bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, Holdings Channel.com reports. The fund bought 5,000 shares of the insurance provider’s stock, valued at approximately $462,000. Arch Capital Group comprises approximately 0.0% of Schwab Charitable Fund’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Davis Asset Management L.P. lifted its holdings in shares of Arch Capital Group by 441.7% during the 4th quarter. Davis Asset Management L.P. now owns 6,500,000 shares of the insurance provider’s stock worth $482,755,000 after acquiring an additional 5,300,000 shares during the period. Norges Bank purchased a new stake in Arch Capital Group during the fourth quarter valued at about $309,496,000. Capital International Investors raised its holdings in shares of Arch Capital Group by 61.1% in the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACGL. Bank of America lowered their target price on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.53.

Insider Buying and Selling at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded up $1.57 during mid-day trading on Friday, hitting $98.67. The stock had a trading volume of 3,584,653 shares, compared to its average volume of 1,302,962. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $99.13 and a 200-day simple moving average of $93.12. The stock has a market capitalization of $37.05 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.81 and a beta of 0.58. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $103.79.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts expect that Arch Capital Group Ltd. will post 8.75 earnings per share for the current fiscal year.

Arch Capital Group 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.