Cerity Partners LLC Buys New Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cerity Partners LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,652 shares of the insurance provider’s stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACGL. Park Avenue Securities LLC increased its stake in Arch Capital Group by 12.0% in the first quarter. Park Avenue Securities LLC now owns 9,447 shares of the insurance provider’s stock valued at $457,000 after acquiring an additional 1,013 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Arch Capital Group by 159.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,225 shares of the insurance provider’s stock worth $59,000 after buying an additional 752 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Arch Capital Group by 6.2% during the first quarter. Verdence Capital Advisors LLC now owns 8,607 shares of the insurance provider’s stock worth $417,000 after buying an additional 504 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Arch Capital Group during the first quarter worth about $252,000. Finally, Envestnet Asset Management Inc. grew its stake in Arch Capital Group by 5.8% during the first quarter. Envestnet Asset Management Inc. now owns 643,146 shares of the insurance provider’s stock worth $31,141,000 after buying an additional 35,179 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

Arch Capital Group Trading Up 2.0 %

Shares of NASDAQ ACGL opened at $57.67 on Friday. The company’s 50 day simple moving average is $50.05 and its 200 day simple moving average is $47.00. Arch Capital Group Ltd. has a fifty-two week low of $40.24 and a fifty-two week high of $59.14. The firm has a market capitalization of $21.33 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.44 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.59 and a quick ratio of 0.59.

Arch Capital Group (NASDAQ:ACGLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The insurance provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Arch Capital Group had a net margin of 13.89% and a return on equity of 13.16%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the business posted $0.74 earnings per share. Arch Capital Group’s revenue was up 31.2% compared to the same quarter last year. On average, analysts predict that Arch Capital Group Ltd. will post 4.02 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research analyst reports. Barclays upped their price objective on shares of Arch Capital Group from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. Royal Bank of Canada upped their target price on shares of Arch Capital Group from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Finally, Jefferies Financial Group reduced their target price on shares of Arch Capital Group from $57.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Insider Activity at Arch Capital Group

In related news, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $57.09, for a total value of $2,854,500.00. Following the transaction, the chief executive officer now directly owns 362,990 shares in the company, valued at $20,723,099.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Brian S. Posner bought 2,000 shares of the business’s stock in a transaction on Friday, October 28th. The shares were bought at an average cost of $17.60 per share, for a total transaction of $35,200.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at approximately $70,400. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $57.09, for a total transaction of $2,854,500.00. Following the completion of the sale, the chief executive officer now owns 362,990 shares in the company, valued at $20,723,099.10. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

About Arch Capital Group

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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.

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

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