12,740 Shares in Arch Capital Group Ltd. $ACGL Bought by Storgate LLC

Storgate LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,740 shares of the insurance provider’s stock, valued at approximately $1,222,000. Arch Capital Group accounts for approximately 1.0% of Storgate LLC’s investment portfolio, making the stock its 10th biggest position.

Several other hedge funds have also recently modified their holdings of ACGL. Geneos Wealth Management Inc. lifted its holdings in shares of Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth $253,000. CW Advisors LLC lifted its holdings in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth $667,000. Finally, Cerity Partners LLC lifted its holdings in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after purchasing an additional 4,933 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company raised their target price on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $106.81.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $91.66 on Friday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The business has a fifty day moving average of $94.45 and a two-hundred day moving average of $95.01. The company has a market cap of $32.03 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 4.56 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion during the quarter. As a group, analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.