Atria Wealth Solutions Inc. Cuts Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Atria Wealth Solutions Inc. lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 28.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,313 shares of the insurance provider’s stock after selling 3,725 shares during the period. Atria Wealth Solutions Inc.’s holdings in Arch Capital Group were worth $692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Arch Capital Group by 2.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after acquiring an additional 144 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after acquiring an additional 146 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Arch Capital Group by 15.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock valued at $88,000 after acquiring an additional 146 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Arch Capital Group by 2.2% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock valued at $519,000 after acquiring an additional 149 shares during the last quarter. Finally, Steph & Co. lifted its stake in shares of Arch Capital Group by 4.5% in the 3rd quarter. Steph & Co. now owns 4,247 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ACGL shares. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI upped their price target on Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, April 30th. TD Cowen started coverage on Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Bank of America upped their price target on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eleven have given 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 price target of $100.67.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $94.41 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $35.42 billion, a P/E ratio of 7.45, a PEG ratio of 1.12 and a beta of 0.57. The stock’s 50 day moving average is $91.15 and its 200 day moving average is $84.77. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $96.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at approximately $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last 90 days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Company 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.