Commonwealth Equity Services LLC Acquires 39,368 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Commonwealth Equity Services LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,134 shares of the insurance provider’s stock after acquiring an additional 39,368 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Arch Capital Group were worth $14,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after buying an additional 14,233 shares during the last quarter. Gladstone Capital Management LLP boosted its stake in Arch Capital Group by 52.8% in the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 478,570 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position 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 valued at $237,017,000 after acquiring an additional 1,216,080 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Arch Capital Group by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after purchasing an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp raised its holdings in shares of Arch Capital Group by 42.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock worth $5,045,000 after purchasing an additional 16,208 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.1 %

Shares of NASDAQ ACGL opened at $113.25 on Wednesday. The business has a 50-day moving average of $100.67 and a 200-day moving average of $96.74. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.05 and a beta of 0.58. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $114.28. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $1.92 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on ACGL shares. Deutsche Bank Aktiengesellschaft increased their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. JMP Securities lifted their price objective on Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Bank of America cut their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.