Tred Avon Family Wealth LLC Purchases 6,500 Shares of Arch Capital Group Ltd. $ACGL

Tred Avon Family Wealth LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 71.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,642 shares of the insurance provider’s stock after acquiring an additional 6,500 shares during the quarter. Tred Avon Family Wealth LLC’s holdings in Arch Capital Group were worth $1,501,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC grew its holdings in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at $28,000. Aventura Private Wealth LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at $30,000. Finally, Grove Bank & Trust bought a new position in shares of Arch Capital Group in the fourth quarter valued at about $30,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $97.54 on Monday. The firm has a market cap of $34.08 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 4.88 and a beta of 0.32. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $93.65 and a 200 day moving average price of $95.06.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion for the quarter. Research analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Mizuho dropped their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Barclays increased their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $106.81.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.