Arch Capital Group Ltd. $ACGL Shares Bought by Focus Partners Wealth

Focus Partners Wealth lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,852 shares of the insurance provider’s stock after purchasing an additional 964 shares during the period. Focus Partners Wealth’s holdings in Arch Capital Group were worth $5,468,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bayforest Capital Ltd grew its stake in shares of Arch Capital Group by 219.9% in the 1st quarter. Bayforest Capital Ltd now owns 3,884 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 2,670 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Arch Capital Group by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,817,730 shares of the insurance provider’s stock worth $367,189,000 after purchasing an additional 241,507 shares during the last quarter. Optimize Financial Inc increased its position in shares of Arch Capital Group by 34.5% in the first quarter. Optimize Financial Inc now owns 4,073 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 1,045 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Arch Capital Group in the first quarter worth approximately $339,000. Finally, Coppell Advisory Solutions LLC increased its position in shares of Arch Capital Group by 871.8% in the first quarter. Coppell Advisory Solutions LLC now owns 10,078 shares of the insurance provider’s stock worth $931,000 after acquiring an additional 9,041 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.0%

Arch Capital Group stock opened at $92.26 on Monday. The firm has a market cap of $34.43 billion, a PE ratio of 9.52, a P/E/G ratio of 5.65 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50 day moving average price is $89.83 and its two-hundred day moving average price is $91.38. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the previous year, the firm posted $2.57 earnings per share. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an “overweight” rating in a research report on Monday, May 19th. Cowen reissued a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. UBS Group reissued a “buy” rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Citigroup initiated coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.27.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares of the company’s stock, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.10% of the stock is owned by corporate insiders.

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.