Arch Capital Group Ltd. $ACGL Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,128 shares of the insurance provider’s stock after purchasing an additional 7,576 shares during the period. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $4,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACGL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $27,000. Meeder Asset Management Inc. lifted its stake in shares of Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $37,000. Finally, Hemington Wealth Management lifted its stake in shares of Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $87.15 on Friday. The company has a market cap of $32.53 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 5.06 and a beta of 0.47. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $107.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day simple moving average of $90.42 and a 200-day simple moving average of $90.77.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same period in the previous year, the firm posted $2.57 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group 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 completion of the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACGL. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Citigroup began coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Wolfe Research began coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a report on Friday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arch Capital Group has an average rating of “Hold” and an average price target of $108.71.

Arch Capital Group Company 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.