Wipfli Financial Advisors LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wipfli Financial Advisors LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) during the third quarter, HoldingsChannel reports. The fund acquired 2,900 shares of the insurance provider’s stock, valued at approximately $132,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACGL. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Arch Capital Group by 3.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,800 shares of the insurance provider’s stock valued at $1,152,000 after purchasing an additional 799 shares in the last quarter. HighTower Advisors LLC boosted its stake in Arch Capital Group by 27.1% in the first quarter. HighTower Advisors LLC now owns 34,331 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 7,316 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in Arch Capital Group by 33.0% in the first quarter. Cetera Advisor Networks LLC now owns 6,567 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 1,631 shares in the last quarter. Private Advisor Group LLC boosted its stake in Arch Capital Group by 12.3% in the first quarter. Private Advisor Group LLC now owns 14,025 shares of the insurance provider’s stock valued at $679,000 after acquiring an additional 1,537 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $76,000. 88.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Arch Capital Group from $57.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, October 7th. Barclays raised their target price on shares of Arch Capital Group from $57.00 to $67.00 in a research note on Friday, December 16th. Morgan Stanley raised their target price on shares of Arch Capital Group from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $58.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, November 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Arch Capital Group from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.38.

Insider Buying and Selling

In other news, Director Brian S. Posner acquired 2,000 shares of the business’s stock in a transaction on Friday, October 28th. The stock was bought at an average price of $17.60 per share, with a total value of $35,200.00. Following the completion of the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $70,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.09, for a total value of $2,854,500.00. Following the completion of the transaction, the chief executive officer now owns 362,990 shares of the company’s stock, valued at $20,723,099.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian S. Posner acquired 2,000 shares of the business’s stock in a transaction on Friday, October 28th. The stock was purchased at an average cost of $17.60 per share, with a total value of $35,200.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $70,400. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 1.9 %

Shares of Arch Capital Group stock opened at $62.67 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a fifty day moving average price of $59.83 and a 200 day moving average price of $50.87. Arch Capital Group Ltd. has a 1 year low of $41.05 and a 1 year high of $64.06. The stock has a market cap of $23.18 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last issued its earnings results on Wednesday, October 26th. The insurance provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Arch Capital Group had a net margin of 13.89% and a return on equity of 13.16%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s revenue was up 31.2% compared to the same quarter last year. Equities research analysts predict that Arch Capital Group Ltd. will post 4.07 earnings per share for the current year.

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.