Accurate Wealth Management LLC Invests $2.10 Million in Arch Capital Group Ltd. $ACGL

Accurate Wealth Management LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,054 shares of the insurance provider’s stock, valued at approximately $2,099,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACGL. WealthCollab LLC grew its position in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Arch Capital Group in the third quarter valued at approximately $28,000. Grove Bank & Trust acquired a new stake in Arch Capital Group during the 4th quarter valued at approximately $30,000. Aventura Private Wealth LLC acquired a new stake in Arch Capital Group during the 4th quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 0.7%

ACGL stock opened at $93.42 on Friday. The firm has a fifty day moving average price of $96.24 and a 200 day moving average price of $93.14. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The firm has a market cap of $33.28 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 3.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley set a $125.00 price target on Arch Capital Group in a research note on Friday, January 16th. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $104.00 price target (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Hold” and an average price target of $109.20.

Insider Buying and Selling

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total transaction of $51,330.00. Following the sale, the director owned 2,000 shares in the company, valued at approximately $34,220. This represents a 60.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 78,267 shares of company stock valued at $7,291,637 over the last quarter. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.