IFP Advisors Inc Has $222,000 Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

IFP Advisors Inc boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 31.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,280 shares of the insurance provider’s stock after acquiring an additional 540 shares during the quarter. IFP Advisors Inc’s holdings in Arch Capital Group were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital A Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group in the 1st quarter worth about $27,000. Wayfinding Financial LLC purchased a new stake in Arch Capital Group in the 1st quarter valued at about $31,000. Grove Bank & Trust bought a new position in shares of Arch Capital Group during the 1st quarter worth approximately $40,000. Finally, Quarry LP purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL opened at $88.89 on Monday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. 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 $33.31 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 6.18 and a beta of 0.51. The stock has a 50-day moving average price of $91.01 and a 200-day moving average price of $91.78.

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

Wall Street Analyst Weigh In

ACGL has been the topic of several research analyst reports. Barclays cut their price objective on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the company an “overweight” rating in a research report on Monday, May 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $110.00 target price (up from $108.00) on shares of Arch Capital Group in a research report on Thursday, July 10th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $113.60.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group 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 completion of the sale, the insider directly owned 140,023 shares of the company’s stock, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer directly owned 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,976 shares of company stock worth $10,531,038. Corporate insiders own 4.10% of the company’s stock.

About Arch Capital Group

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.