Fifth Third Wealth Advisors LLC Makes New $274,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fifth Third Wealth Advisors LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,718 shares of the insurance provider’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Arch Capital Group by 0.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 33,283 shares of the insurance provider’s stock valued at $3,077,000 after purchasing an additional 117 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Arch Capital Group by 1.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the period. Resonant Capital Advisors LLC increased its position in Arch Capital Group by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 118 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in Arch Capital Group by 1.2% in the first quarter. Petra Financial Advisors Inc. now owns 10,574 shares of the insurance provider’s stock valued at $977,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Up 1.2 %

Shares of NASDAQ:ACGL traded up $1.24 during midday trading on Thursday, reaching $105.84. The company had a trading volume of 235,119 shares, compared to its average volume of 1,629,593. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $106.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $39.74 billion, a P/E ratio of 8.29, a PEG ratio of 1.86 and a beta of 0.58. The stock’s fifty day moving average price is $98.82 and its 200-day moving average price is $94.98.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Arch Capital Group Ltd. will post 9 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ACGL shares. Royal Bank of Canada boosted their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. StockNews.com cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. JMP Securities increased their target price on Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.56.

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.