Farther Finance Advisors LLC Buys 101 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Farther Finance Advisors LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 890 shares of the insurance provider’s stock after acquiring an additional 101 shares during the quarter. Farther Finance Advisors LLC’s holdings in Arch Capital Group were worth $100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR boosted its holdings in shares of Arch Capital Group by 184.7% during the 3rd quarter. Stephens Inc. AR now owns 32,120 shares of the insurance provider’s stock valued at $3,594,000 after purchasing an additional 20,836 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Arch Capital Group by 1.6% during the third quarter. First Trust Direct Indexing L.P. now owns 17,124 shares of the insurance provider’s stock valued at $1,916,000 after buying an additional 270 shares during the period. Vanguard Capital Wealth Advisors purchased a new position in Arch Capital Group during the third quarter valued at approximately $217,000. abrdn plc raised its stake in Arch Capital Group by 6.2% in the third quarter. abrdn plc now owns 183,122 shares of the insurance provider’s stock valued at $20,456,000 after buying an additional 10,626 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in Arch Capital Group in the third quarter worth about $410,000. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company cut their price target on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.88.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by company insiders.

Arch Capital Group Trading Down 1.3 %

Arch Capital Group stock opened at $100.50 on Tuesday. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.47 and a beta of 0.61. The company’s fifty day moving average price is $108.93 and its two-hundred day moving average price is $103.13. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 9 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $5.00 per share.

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.