Regent Peak Wealth Advisors LLC Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Regent Peak Wealth Advisors LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 1st quarter, HoldingsChannel reports. The firm acquired 3,011 shares of the insurance provider’s stock, valued at approximately $290,000.

Other large investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. increased its stake in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares in the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $366,000. Northstar Group Inc. increased its stake in Arch Capital Group by 5.1% during the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider’s stock worth $11,285,000 after buying an additional 5,947 shares in the last quarter. William Blair Investment Management LLC increased its stake in Arch Capital Group by 33.7% during the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider’s stock worth $57,631,000 after buying an additional 157,197 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in Arch Capital Group by 98.8% during the 4th quarter. Independent Advisor Alliance now owns 6,925 shares of the insurance provider’s stock worth $640,000 after buying an additional 3,442 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the transaction, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares of the company’s stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock worth $10,531,038 over the last ninety days. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an “overweight” rating in a research report on Monday, May 19th. Jefferies Financial Group upped their price target on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada dropped their price target on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

Arch Capital Group Trading Up 1.0%

Shares of Arch Capital Group stock opened at $95.53 on Friday. The firm has a market capitalization of $35.80 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 2.31 and a beta of 0.53. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The stock has a 50 day moving average of $92.57 and a 200 day moving average of $93.01.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.