Triad Investment Management Makes New Investment in Arch Capital Group Ltd. $ACGL

Triad Investment Management bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 20,915 shares of the insurance provider’s stock, valued at approximately $2,030,000. Arch Capital Group accounts for about 2.3% of Triad Investment Management’s portfolio, making the stock its 21st biggest position.

Several other institutional investors also recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at approximately $27,000. Torren Management LLC lifted its stake in Arch Capital Group by 66.9% in the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after buying an additional 117 shares in the last quarter. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth $28,000. Finally, Zions Bancorporation National Association UT grew its stake in Arch Capital Group by 390.9% during the 4th quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 258 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the transaction, the chief financial officer directly owned 184,826 shares in the company, valued at $18,356,918.32. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th. Cantor Fitzgerald boosted their target price on Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a report on Wednesday, July 29th. Mizuho lifted their target price on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and an average price target of $111.11.

Arch Capital Group Trading Up 0.4%

ACGL opened at $96.11 on Thursday. The business’s 50 day moving average is $100.08 and its two-hundred day moving average is $96.74. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $107.08. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 4.71 and a beta of 0.30. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the firm posted $2.58 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.