Focus Partners Wealth Buys 704 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Focus Partners Wealth raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,888 shares of the insurance provider’s stock after buying an additional 704 shares during the quarter. Focus Partners Wealth’s holdings in Arch Capital Group were worth $5,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock valued at $2,969,000 after buying an additional 110 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 2.8%

Shares of Arch Capital Group stock opened at $90.85 on Thursday. The company has a market capitalization of $34.13 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The firm’s 50-day moving average price is $92.32 and its two-hundred day moving average price is $93.73.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now owns 579,218 shares in the company, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,946 shares of company stock worth $10,392,092. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. UBS Group cut their price objective on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada cut their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Arch Capital Group from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

About Arch Capital Group

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.