Arch Capital Group Ltd. $ACGL Stock Position Raised by Advisors Capital Management LLC

Advisors Capital Management LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 23.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,643 shares of the insurance provider’s stock after purchasing an additional 883 shares during the period. Advisors Capital Management LLC’s holdings in Arch Capital Group were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Arch Capital Group by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock worth $4,924,000 after purchasing an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth about $251,000. D.A. Davidson & CO. raised its stake in shares of Arch Capital Group by 10.9% during the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock worth $4,381,000 after purchasing an additional 4,460 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Arch Capital Group by 24.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 7,448 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of Arch Capital Group by 114.1% during the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock worth $608,000 after purchasing an additional 3,369 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ACGL shares. Cowen reissued a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Citigroup started coverage on Arch Capital Group in a research note on Wednesday, August 13th. They issued a “buy” rating and a $113.00 price objective on the stock. Finally, UBS Group reissued a “buy” rating and issued a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.27.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $92.26 on Friday. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market capitalization of $34.43 billion, a PE ratio of 9.52, a PEG ratio of 5.65 and a beta of 0.51. The business’s 50 day moving average is $89.83 and its 200-day moving average is $91.38. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm earned $2.57 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

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.