Atlatl Advisers LLC Has $260,000 Stock Position in Arch Capital Group Ltd. $ACGL

Atlatl Advisers LLC reduced its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,856 shares of the insurance provider’s stock after selling 275 shares during the quarter. Atlatl Advisers LLC’s holdings in Arch Capital Group were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group during the first quarter worth $27,000. Meeder Asset Management Inc. boosted its stake in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Wayfinding Financial LLC bought a new position in Arch Capital Group during the first quarter worth $31,000. Zions Bancorporation National Association UT bought a new position in Arch Capital Group during the first quarter worth $37,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $87.15 on Friday. The firm has a market cap of $32.53 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 5.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $107.19. The firm’s 50-day simple moving average is $90.42 and its two-hundred day simple moving average is $90.80.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $2.57 earnings per share. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Barclays set a $99.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Eight investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $108.71.

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.