Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 36.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,333 shares of the insurance provider’s stock after selling 1,362 shares during the quarter. Capital Advisors Inc. OK’s holdings in Arch Capital Group were worth $261,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $431,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Arch Capital Group by 6.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,729 shares of the insurance provider’s stock worth $8,757,000 after acquiring an additional 5,607 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Arch Capital Group by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 90,592 shares of the insurance provider’s stock valued at $8,374,000 after purchasing an additional 1,444 shares during the period. Nordea Investment Management AB lifted its stake in shares of Arch Capital Group by 5.4% in the 1st quarter. Nordea Investment Management AB now owns 27,951 shares of the insurance provider’s stock valued at $2,566,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Arch Capital Group by 9.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 36,777 shares of the insurance provider’s stock worth $3,400,000 after purchasing an additional 3,216 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $96.02 on Friday. The business has a 50-day simple moving average of $110.43 and a 200-day simple moving average of $102.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.58. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company has a market cap of $36.11 billion, a PE ratio of 6.44, a P/E/G ratio of 1.83 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $2.31 EPS. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

ACGL has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research 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 research report on Thursday, October 10th. Keefe, Bruyette & Woods raised 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. Finally, JMP Securities boosted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.40.

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.