Measured Wealth Private Client Group LLC Lowers Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Measured Wealth Private Client Group LLC trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,135 shares of the insurance provider’s stock after selling 124 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Arch Capital Group were worth $463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. purchased a new position in shares of Arch Capital Group in the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA increased its position in Arch Capital Group by 50.7% during the second 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. Rothschild Investment LLC acquired a new position in Arch Capital Group during the second quarter worth approximately $35,000. LRI Investments LLC acquired a new position in Arch Capital Group during the first quarter worth approximately $40,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Arch Capital Group during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Up 0.3 %

Arch Capital Group stock opened at $105.14 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The company has a market cap of $39.54 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59. The stock’s 50 day moving average price is $110.85 and its 200 day moving average price is $102.69.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. During the same quarter in the prior year, the business earned $2.31 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACGL. Evercore ISI lifted their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Citigroup boosted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Bank of America boosted their target price on Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays began coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction 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 in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is owned by company insiders.

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.