Atria Wealth Solutions Inc. Sells 3,725 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Atria Wealth Solutions Inc. reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 28.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,313 shares of the insurance provider’s stock after selling 3,725 shares during the period. Atria Wealth Solutions Inc.’s holdings in Arch Capital Group were worth $692,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Arch Capital Group by 9.2% during the third quarter. Northern Trust Corp now owns 4,652,983 shares of the insurance provider’s stock worth $370,889,000 after buying an additional 390,362 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Arch Capital Group by 16.3% in the third quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock valued at $269,871,000 after purchasing an additional 475,464 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Arch Capital Group by 3.4% in the third quarter. Royal Bank of Canada now owns 3,151,688 shares of the insurance provider’s stock valued at $251,222,000 after purchasing an additional 104,299 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Arch Capital Group by 18.8% during the third quarter. Barclays PLC now owns 2,240,381 shares of the insurance provider’s stock worth $178,581,000 after purchasing an additional 354,482 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $94.41 on Friday. The firm has a 50-day moving average of $91.15 and a 200-day moving average of $84.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market cap of $35.42 billion, a PE ratio of 7.45, a P/E/G ratio of 1.12 and a beta of 0.57. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $96.58.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. Arch Capital Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,689 shares of company stock worth $11,872,217. 4.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Evercore ISI increased their target price on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. JMP Securities increased their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley increased their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, UBS Group reduced their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group Profile

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; 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.