Capital World Investors Amends Arch Capital Group Stake
Ticker: ACGLN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 947484
| Field | Detail |
|---|---|
| Company | Arch Capital Group Ltd. (ACGLN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, insurance
TL;DR
**Big investor Capital World Investors is still holding strong in Arch Capital Group.**
AI Summary
Capital World Investors, a major investment firm, filed an amended SC 13G/A on February 9, 2024, indicating their ownership of Common Stock in Arch Capital Group Ltd. as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant stake in the insurance company. For investors, this matters because it signals that a large institutional investor maintains confidence in Arch Capital Group Ltd., potentially influencing market perception and stability.
Why It Matters
This filing shows a major institutional investor's continued significant ownership in Arch Capital Group Ltd., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or significant changes in company fundamentals.
Analyst Insight
Investors should note the continued institutional interest in Arch Capital Group Ltd. but should conduct their own due diligence on the company's fundamentals rather than solely relying on institutional ownership.
Key Players & Entities
- Capital World Investors (company) — the reporting person filing the SC 13G/A
- Arch Capital Group Ltd. (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the filing date of the SC 13G/A
- 95-1411037 (number) — IRS Identification No. of Capital World Investors
Forward-Looking Statements
- Capital World Investors will maintain a significant stake in Arch Capital Group Ltd. for the foreseeable future. (Capital World Investors) — high confidence, target: 2025-02-09
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)' sections.
Who is the reporting person in this filing?
The reporting person is Capital World Investors, as identified under 'NAMES OF REPORTING PERSONS' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital World Investors'.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is Arch Capital Group Ltd., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARCH CAPITAL GROUP LTD.' and 'Arch Capital Group Ltd. (Name of Issuer)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Arch Capital Group Ltd. is G0450A105, as listed under 'CUSIP Number' and 'CUSIP No. G0450A105'.
What was the date of the event that required this filing?
The date of the event which required this filing is December 29, 2023, as specified in the document under 'Date of Event Which Requires Filing of this Statement'.
Filing Stats: 1,036 words · 4 min read · ~3 pages · Grade level 8.4 · Accepted 2024-02-09 18:14:14
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 16KB
- 0001422848-24-000190.txt ( ) — 18KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Arch Capital Group Ltd. (Name of Issuer) Common Stock (Title of Class of Securities) G0450A105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. G0450A105 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 10,900,006 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 10,955,007 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,955,007 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.9% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Arch Capital Group Ltd. (b) Address of Issuer's Principal Executive Offices Waterloo House, GROUND FLOOR, 100 PITTS BAY ROAD, Pembroke HM 08, Bermuda Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number G0450A105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 10,955,007 ** (b) Percent of Class: 2.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 10,900,006 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 10,955,007 (iv) shared power to dispose or to direct the disposition of 0 **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 10,955,007 shares or 2.9% of the 373,171,909 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the benef