Raymond James & Associates Purchases 4,407 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Raymond James & Associates raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 206,635 shares of the insurance provider’s stock after acquiring an additional 4,407 shares during the period. Raymond James & Associates’ holdings in Arch Capital Group were worth $23,118,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ACGL. UMB Bank n.a. bought a new position in Arch Capital Group in the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA grew its stake in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the 2nd quarter valued at about $35,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth about $40,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Arch Capital Group in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of several research reports. TD Cowen raised their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a report on Friday, September 20th. Evercore ISI upped their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America lifted their price target on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, JMP Securities upped their price objective on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.53.

Arch Capital Group Stock Up 0.0 %

Shares of NASDAQ ACGL opened at $107.04 on Friday. The stock has a market capitalization of $40.25 billion, a P/E ratio of 7.53, a PEG ratio of 2.00 and a beta of 0.59. The stock’s fifty day moving average is $110.58 and its 200 day moving average is $102.21. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $1.92 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

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.