5,581 Shares of Arch Capital Group Ltd. $ACGL Bought by MBL Wealth LLC

MBL Wealth LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 5,581 shares of the insurance provider’s stock, valued at approximately $515,000.

Other institutional investors also recently made changes to their positions in the company. Madison Asset Management LLC acquired a new position in shares of Arch Capital Group in the second quarter valued at approximately $368,808,000. First Trust Advisors LP increased its stake in shares of Arch Capital Group by 319.5% during the first quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after purchasing an additional 2,000,162 shares during the period. Hsbc Holdings PLC increased its stake in shares of Arch Capital Group by 230.0% during the first quarter. Hsbc Holdings PLC now owns 1,286,178 shares of the insurance provider’s stock worth $123,354,000 after purchasing an additional 896,480 shares during the period. Davis Asset Management L.P. acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $63,089,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Arch Capital Group by 50.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,910,063 shares of the insurance provider’s stock worth $183,347,000 after purchasing an additional 641,462 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer directly owned 184,826 shares in the company, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $101.69 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $34.70 billion, a P/E ratio of 7.95, a P/E/G ratio of 3.06 and a beta of 0.28. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.08. The firm has a 50-day moving average price of $97.48 and a two-hundred day moving average price of $96.89.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $2.58 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 9.70 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACGL. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $118.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Cantor Fitzgerald lowered their price objective on Arch Capital Group from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $107.00 target price (down from $117.00) on shares of Arch Capital Group in a report on Monday, October 12th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.39.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance company whose shares trade on the Nasdaq under the symbol ACGL. The company was established in 1995 and has developed into a global provider of specialty risk-management products and services.

Through its insurance operations, Arch offers property, casualty, specialty, and accident and health coverage to businesses and other policyholders. Its reinsurance operations provide coverage and risk-transfer solutions to insurance companies across a range of property and casualty lines.