Arch Capital Group Ltd. $ACGL Stock Position Reduced by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,961 shares of the insurance provider’s stock after selling 810 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Arch Capital Group were worth $1,089,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its position 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 buying an additional 150 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Arch Capital Group during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group in the 1st quarter valued at $37,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares during the period. Finally, Hemington Wealth Management boosted its stake in shares of Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $85.85 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The stock has a market cap of $32.04 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 4.90 and a beta of 0.47. The stock’s fifty day simple moving average is $90.05 and its two-hundred day simple moving average is $90.67. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $105.76.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the business posted $1.99 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. UBS Group reiterated a “buy” rating and set a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a report on Tuesday. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.64.

Arch Capital Group Profile

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.