Stratos Wealth Partners LTD. Has $303,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Stratos Wealth Partners LTD. cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 73.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,152 shares of the insurance provider’s stock after selling 8,873 shares during the period. Stratos Wealth Partners LTD.’s holdings in Arch Capital Group were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Resonant Capital Advisors LLC boosted its position in shares of Arch Capital Group by 1.7% in the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock valued at $642,000 after acquiring an additional 113 shares during the period. Cim LLC boosted its position in shares of Arch Capital Group by 1.1% in the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider’s stock valued at $1,034,000 after acquiring an additional 124 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 126 shares during the period. Aurora Investment Managers LLC. boosted its position in shares of Arch Capital Group by 0.6% in the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider’s stock valued at $2,167,000 after acquiring an additional 135 shares during the period. Finally, Synovus Financial Corp boosted its position in shares of Arch Capital Group by 3.0% in the fourth quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider’s stock valued at $438,000 after acquiring an additional 139 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

ACGL opened at $88.19 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 6.26 and a beta of 0.51. The company’s 50 day moving average is $91.82 and its 200 day moving average is $91.98. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer owned 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Louis T. Petrillo sold 16,650 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider owned 140,023 shares in the company, valued at $13,236,374.19. This trade represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,976 shares of company stock worth $10,531,038. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ACGL. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $101.00 target price (down previously from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. JMP Securities restated a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Jefferies Financial Group downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $110.00 price objective (up previously from $108.00) on shares of Arch Capital Group in a research note on Thursday, July 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.60.

Arch Capital Group 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.