5,581 Shares of Arch Capital Group Ltd. $ACGL Purchased by MBL Wealth LLC

MBL Wealth LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,581 shares of the insurance provider’s stock, valued at approximately $515,000.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Arch Capital Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,173,885 shares of the insurance provider’s stock worth $400,643,000 after purchasing an additional 117,929 shares during the last quarter. Madison Asset Management LLC acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at approximately $368,808,000. First Trust Advisors LP boosted its holdings in shares of Arch Capital Group by 319.5% in the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock valued at $252,084,000 after buying an additional 2,000,162 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Arch Capital Group by 10.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,259,582 shares of the insurance provider’s stock valued at $208,695,000 after buying an additional 210,609 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Arch Capital Group by 50.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock valued at $183,347,000 after buying an additional 641,462 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $99.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, October 12th. UBS Group reaffirmed a “buy” rating and set a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Mizuho set a $100.00 price objective on shares of Arch Capital Group and gave the company a “neutral” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Arch Capital Group in a research note on Thursday, July 30th. Finally, Atlantic Securities set a $126.00 target price on shares of Arch Capital Group in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus price target of $108.39.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. This trade represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

ACGL opened at $101.69 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.08. The stock has a market cap of $34.70 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 3.06 and a beta of 0.28. The business has a 50 day moving average of $97.48 and a 200-day moving average of $96.89. 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 earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%. During the same period in the previous year, the company posted $2.58 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 9.70 earnings per share for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.