Securian Asset Management Inc. Has $1.77 Million Holdings in Arch Capital Group Ltd. $ACGL

Securian Asset Management Inc. lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.7% in the second quarter, HoldingsChannel.com reports. The firm owned 19,421 shares of the insurance provider’s stock after selling 340 shares during the quarter. Securian Asset Management Inc.’s holdings in Arch Capital Group were worth $1,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group during the 1st quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its position in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC acquired a new stake in Arch Capital Group during the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group during the 1st quarter valued at approximately $37,000. Finally, Hemington Wealth Management grew its position in shares of Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $87.88 on Thursday. The company has a fifty day simple moving average of $90.57 and a 200 day simple moving average of $90.75. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $107.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market cap of $32.80 billion, a P/E ratio of 9.07, a PEG ratio of 5.08 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm posted $2.57 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction 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 completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACGL shares. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Barclays set a $99.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Wolfe Research started coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $108.71.

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.