Dakota Wealth Management Invests $874,000 in Arch Capital Group Ltd. $ACGL

Dakota Wealth Management purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,111 shares of the insurance provider’s stock, valued at approximately $874,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its holdings in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after buying an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after acquiring an additional 360,626 shares in the last quarter. Norges Bank bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $441,551,000. Invesco Ltd. grew its position in Arch Capital Group by 2.3% during the 2nd quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock worth $372,168,000 after acquiring an additional 90,824 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the 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 transaction, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $34,220. The trade was a 60.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 78,267 shares of company stock worth $7,291,637 over the last quarter. Company insiders own 4.10% of the company’s stock.

Arch Capital Group Stock Performance

ACGL stock opened at $93.42 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a market cap of $33.28 billion, a P/E ratio of 8.04, a PEG ratio of 3.80 and a beta of 0.40. The business has a fifty day moving average of $96.24 and a 200-day moving average of $93.18.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter last year, the business earned $2.26 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ACGL. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $104.00 price objective (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Roth Mkm set a $110.00 price target on Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada upped their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.20.

About Arch Capital Group

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.