Janney Montgomery Scott LLC Buys 1,342 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Janney Montgomery Scott LLC boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 74,915 shares of the insurance provider’s stock after buying an additional 1,342 shares during the period. Janney Montgomery Scott LLC’s holdings in Arch Capital Group were worth $5,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its holdings in Arch Capital Group by 46.7% in the third quarter. Atria Wealth Solutions Inc. now owns 13,038 shares of the insurance provider’s stock valued at $1,039,000 after purchasing an additional 4,151 shares during the period. Barometer Capital Management Inc. increased its holdings in Arch Capital Group by 1.3% in the third quarter. Barometer Capital Management Inc. now owns 48,690 shares of the insurance provider’s stock valued at $3,881,000 after purchasing an additional 630 shares during the period. Janney Capital Management LLC increased its holdings in Arch Capital Group by 2.5% in the third quarter. Janney Capital Management LLC now owns 7,736 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 187 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Arch Capital Group in the third quarter valued at $338,000. Finally, Connable Office Inc. grew its holdings in Arch Capital Group by 11.0% during the 3rd quarter. Connable Office Inc. now owns 28,739 shares of the insurance provider’s stock worth $2,291,000 after acquiring an additional 2,858 shares during the period. 87.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $85.80, for a total value of $5,148,000.00. Following the transaction, the insider now owns 630,387 shares of the company’s stock, valued at approximately $54,087,204.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $83.46 on Monday. Arch Capital Group Ltd. has a fifty-two week low of $62.10 and a fifty-two week high of $90.65. The stock has a market cap of $31.14 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.07 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.57 and a current ratio of 0.57. The firm’s 50-day simple moving average is $78.30 and its 200 day simple moving average is $79.92.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley increased their price target on Arch Capital Group from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Barclays increased their price target on Arch Capital Group from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $95.00 price target on shares of Arch Capital Group in a report on Tuesday, October 31st. Finally, TD Cowen began coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.43.

Check Out Our Latest Analysis on Arch Capital Group

About Arch Capital Group

(Free Report)

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

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