Stephens Inc. AR Grows Position in Arch Capital Group Ltd. $ACGL

Stephens Inc. AR boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,556 shares of the insurance provider’s stock after buying an additional 402 shares during the period. Stephens Inc. AR’s holdings in Arch Capital Group were worth $688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Arch Capital Group by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock valued at $4,924,000 after buying an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC bought a new position in Arch Capital Group during the 1st quarter valued at approximately $251,000. D.A. Davidson & CO. increased its position in Arch Capital Group by 10.9% during the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock valued at $4,381,000 after buying an additional 4,460 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Arch Capital Group by 24.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock valued at $3,619,000 after buying an additional 7,448 shares in the last quarter. Finally, World Investment Advisors increased its position in Arch Capital Group by 114.1% during the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock valued at $608,000 after buying an additional 3,369 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of analyst reports. Barclays set a $99.00 price objective on Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on Arch Capital Group from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Citigroup began coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a report on Friday. Finally, Cowen reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.71.

Arch Capital Group Stock Performance

Shares of ACGL opened at $87.15 on Friday. The firm has a market capitalization of $32.53 billion, a P/E ratio of 8.99, a PEG ratio of 5.06 and a beta of 0.47. 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 business has a fifty day moving average of $90.42 and a 200 day moving average of $90.77. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $107.19.

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

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.