Steward Partners Investment Advisory LLC Raises Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Steward Partners Investment Advisory LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) by 159.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,225 shares of the insurance provider’s stock after acquiring an additional 752 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Arch Capital Group were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ACGL. Norges Bank purchased a new position in Arch Capital Group in the fourth quarter worth approximately $250,108,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $57,725,000. Thrivent Financial for Lutherans lifted its position in shares of Arch Capital Group by 24.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,358,127 shares of the insurance provider’s stock worth $149,269,000 after buying an additional 660,094 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Arch Capital Group by 483.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 556,517 shares of the insurance provider’s stock worth $26,949,000 after buying an additional 461,068 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its position in shares of Arch Capital Group by 63.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,040,069 shares of the insurance provider’s stock worth $46,231,000 after buying an additional 403,074 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $43.50 on Thursday. The firm’s fifty day simple moving average is $44.75 and its 200-day simple moving average is $46.09. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.97 and a beta of 0.75. Arch Capital Group Ltd. has a 12 month low of $37.44 and a 12 month high of $50.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.62 and a quick ratio of 0.62.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Arch Capital Group had a net margin of 19.06% and a return on equity of 14.20%. Arch Capital Group’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 4.48 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO Maamoun Rajeh sold 12,237 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $47.06, for a total value of $575,873.22. Following the transaction, the chief executive officer now directly owns 412,990 shares of the company’s stock, valued at approximately $19,435,309.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent analyst reports. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Barclays reduced their price objective on shares of Arch Capital Group from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Finally, Morgan Stanley reduced their price objective on shares of Arch Capital Group from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.11.

About Arch Capital Group

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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; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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