D.A. Davidson & CO. Has $5.89 Million Stake in Arch Capital Group Ltd. $ACGL

D.A. Davidson & CO. increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,449 shares of the insurance provider’s stock after purchasing an additional 7,804 shares during the quarter. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $5,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WealthCollab LLC lifted its holdings in Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter valued at $28,000. Aventura Private Wealth LLC bought a new stake in shares of Arch Capital Group during the fourth quarter worth $30,000. Grove Bank & Trust bought a new position in Arch Capital Group in the fourth quarter valued at about $30,000. Finally, TD Waterhouse Canada Inc. increased its position in Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group 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 transaction, the insider owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 78,267 shares of company stock worth $7,291,637. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Up 0.7%

ACGL opened at $97.06 on Wednesday. The firm’s fifty day moving average is $96.56 and its two-hundred day moving average is $94.21. The firm has a market cap of $34.58 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 4.80 and a beta of 0.41. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. 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 announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. Equities research analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACGL. Barclays upped their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price target (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $125.00 target price on shares of Arch Capital Group in a research report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and a consensus price target of $108.93.

Arch Capital Group 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.