Sequoia Financial Advisors LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sequoia Financial Advisors LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,860 shares of the insurance provider’s stock after buying an additional 1,989 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Arch Capital Group were worth $2,558,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Arch Capital Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider’s stock valued at $3,776,996,000 after buying an additional 104,008 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Arch Capital Group by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider’s stock valued at $716,415,000 after buying an additional 300,716 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider’s stock valued at $573,301,000 after acquiring an additional 49,426 shares during the last quarter. Capital International Investors increased its holdings in Arch Capital Group by 61.1% in the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock valued at $380,167,000 after acquiring an additional 1,560,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Arch Capital Group by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider’s stock valued at $396,026,000 after acquiring an additional 244,285 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Evercore ISI lifted 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 report on Wednesday, October 9th. Bank of America lifted their price target on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 1st. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock. Finally, Citigroup boosted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Arch Capital Group Price Performance

ACGL stock opened at $107.00 on Thursday. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $110.46 and a 200 day moving average price of $102.17. The stock has a market cap of $40.18 billion, a PE ratio of 8.45, a P/E/G ratio of 2.01 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company earned $1.92 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Arch Capital Group Ltd. will post 9.06 earnings per share for the current year.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by corporate 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.