Larson Financial Group LLC Invests $30,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Larson Financial Group LLC purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 407 shares of the insurance provider’s stock, valued at approximately $30,000.

Several other institutional investors have also modified their holdings of the stock. AE Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth about $698,000. IFP Advisors Inc increased its position in shares of Arch Capital Group by 14.6% during the 3rd quarter. IFP Advisors Inc now owns 1,551 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 198 shares during the last quarter. Private Trust Co. NA grew its position in Arch Capital Group by 37.2% in the 3rd quarter. Private Trust Co. NA now owns 1,074 shares of the insurance provider’s stock valued at $86,000 after acquiring an additional 291 shares in the last quarter. Caprock Group LLC grew its position in Arch Capital Group by 22.9% in the 3rd quarter. Caprock Group LLC now owns 3,506 shares of the insurance provider’s stock valued at $279,000 after acquiring an additional 653 shares in the last quarter. Finally, Czech National Bank grew its position in Arch Capital Group by 47.8% in the 3rd quarter. Czech National Bank now owns 65,176 shares of the insurance provider’s stock valued at $5,195,000 after acquiring an additional 21,089 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL stock opened at $90.90 on Friday. The business has a 50 day moving average price of $90.34 and a 200 day moving average price of $84.40. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.16 and a beta of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the business earned $2.14 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders sold a total of 135,689 shares of company stock worth $11,872,217 over the last 90 days. 4.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ACGL has been the subject of several research reports. Morgan Stanley lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen initiated coverage on Arch Capital Group in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price for the company. Finally, UBS Group dropped their target price on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.23.

Arch Capital Group Company 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.