Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its position in Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,460 shares of the insurance provider’s stock after acquiring an additional 2,782 shares during the period. Raymond James & Associates’ holdings in Arch Capital Group were worth $5,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Marshfield Associates boosted its stake in Arch Capital Group by 1.1% in the fourth quarter. Marshfield Associates now owns 5,798,439 shares of the insurance provider’s stock valued at $257,741,000 after acquiring an additional 60,984 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Arch Capital Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,628,824 shares of the insurance provider’s stock worth $250,014,000 after buying an additional 126,387 shares during the last quarter. Norges Bank purchased a new position in shares of Arch Capital Group in the fourth quarter worth $250,108,000. JPMorgan Chase & Co. raised its holdings in shares of Arch Capital Group by 24.0% in the first quarter. JPMorgan Chase & Co. now owns 3,747,118 shares of the insurance provider’s stock worth $181,434,000 after buying an additional 726,267 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Arch Capital Group by 24.5% in the fourth 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. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 16,023 shares of Arch Capital Group stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $45.83, for a total value of $734,334.09. Following the completion of the transaction, the insider now owns 105,274 shares of the company’s stock, valued at $4,824,707.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, insider Louis T. Petrillo sold 7,638 shares of Arch Capital Group stock in a transaction on Monday, August 15th. The shares were sold at an average price of $46.68, for a total value of $356,541.84. Following the completion of the transaction, the insider now owns 121,297 shares of the company’s stock, valued at $5,662,143.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Louis T. Petrillo sold 16,023 shares of Arch Capital Group stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $45.83, for a total transaction of $734,334.09. Following the completion of the sale, the insider now owns 105,274 shares in the company, valued at approximately $4,824,707.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,783 shares of company stock valued at $2,458,993. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACGL shares. StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. Barclays decreased their price target on shares of Arch Capital Group from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Finally, Morgan Stanley decreased their price target on shares of Arch Capital Group from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.38.

Arch Capital Group Trading Down 0.5 %

Shares of Arch Capital Group stock opened at $45.50 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a fifty day moving average price of $45.02 and a 200 day moving average price of $46.02. Arch Capital Group Ltd. has a 1 year low of $37.44 and a 1 year high of $50.73. The stock has a market cap of $16.80 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.00 and a beta of 0.75.

Arch Capital Group (NASDAQ:ACGLGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. Arch Capital Group had a net margin of 19.06% and a return on equity of 14.45%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that Arch Capital Group Ltd. will post 4.64 earnings per share for the current year.

Arch Capital Group Profile

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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.

See Also

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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