Farther Finance Advisors LLC Has $404,000 Position in Arch Capital Group Ltd. $ACGL

Farther Finance Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,438 shares of the insurance provider’s stock after buying an additional 405 shares during the quarter. Farther Finance Advisors LLC’s holdings in Arch Capital Group were worth $404,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new position in shares of Arch Capital Group during the fourth quarter valued at $757,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Arch Capital Group by 976.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 74,741 shares of the insurance provider’s stock worth $6,902,000 after buying an additional 67,795 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Arch Capital Group by 16.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,910 shares of the insurance provider’s stock worth $568,000 after buying an additional 834 shares during the last quarter. Rhumbline Advisers lifted its holdings in Arch Capital Group by 4.9% in the first quarter. Rhumbline Advisers now owns 668,993 shares of the insurance provider’s stock valued at $64,344,000 after buying an additional 31,338 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Arch Capital Group by 11.3% in the first quarter. 180 Wealth Advisors LLC now owns 15,487 shares of the insurance provider’s stock valued at $1,490,000 after acquiring an additional 1,572 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup assumed coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price for the company. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price 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. UBS Group restated a “buy” rating and set a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their price target on Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.36.

Arch Capital Group Stock Up 1.5%

Shares of Arch Capital Group stock opened at $90.88 on Monday. The company has a market capitalization of $33.92 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 5.56 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average of $89.84 and a two-hundred day moving average of $91.22. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating 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 business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $2.57 EPS. As a group, equities 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 news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is owned by company 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.