180 Wealth Advisors LLC Sells 893 Shares of Arch Capital Group Ltd. $ACGL

180 Wealth Advisors LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,594 shares of the insurance provider’s stock after selling 893 shares during the period. 180 Wealth Advisors LLC’s holdings in Arch Capital Group were worth $1,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Arch Capital Group by 13.5% during the first quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider’s stock worth $806,000 after purchasing an additional 998 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Arch Capital Group by 0.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 62,844 shares of the insurance provider’s stock worth $6,044,000 after purchasing an additional 240 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Arch Capital Group by 6.0% during the first quarter. Oppenheimer & Co. Inc. now owns 19,899 shares of the insurance provider’s stock worth $1,914,000 after purchasing an additional 1,118 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Arch Capital Group by 6.2% during the first quarter. Asset Management One Co. Ltd. now owns 169,080 shares of the insurance provider’s stock worth $16,262,000 after purchasing an additional 9,832 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Arch Capital Group by 1.8% during the first quarter. Bessemer Group Inc. now owns 35,170 shares of the insurance provider’s stock worth $3,382,000 after purchasing an additional 635 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $87.46 on Friday. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $107.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 5.09 and a beta of 0.47. The firm’s fifty day moving average is $90.49 and its two-hundred day moving average is $90.77.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company earned $2.57 earnings per share. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

In other news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACGL. Wells Fargo & Company upped their price target on Arch Capital Group from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Barclays set a $99.00 price target on Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Citigroup began coverage on Arch Capital Group in a research report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 target price on the stock. Wolfe Research began coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.71.

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.