5 Cheap Insurance Stocks to Buy Now

4. Arch Capital Group Ltd. (NASDAQ:ACGL)

Number of Hedge Fund Holders: 23    

Share Price as of October 20: $48.72     

Arch Capital Group Ltd. (NASDAQ:ACGL) provides insurance, reinsurance, and mortgage insurance products worldwide. It is one of the top insurance stocks to invest in. On September 30, Arch Mortgage Insurance, a wholly owned subsidiary of Arch Capital Group, stated that it obtained over $358 million indemnification reinsurance on a pool representing approximately $51.7 billion of mortgages from Bellemeade Re, a Bermuda-based special purpose firm. 

On October 14, investment advisory Barclays maintained an Overweight rating on Arch Capital (NASDAQ:ACGL) stock and raised the price target to $55 from $53. Analyst Tracy Benguigui issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, San Francisco-based investment firm FPR Partners is a leading shareholder in Arch Capital Group Ltd. (NASDAQ:ACGL), with 10.5 million shares worth more than $476.6 million.