Arch Capital Group Ltd. $ACGL Shares Sold by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,474 shares of the insurance provider’s stock after selling 614 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Arch Capital Group were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ACGL. Nuveen LLC purchased a new position in Arch Capital Group in the first quarter worth approximately $399,651,000. JPMorgan Chase & Co. raised its holdings in shares of Arch Capital Group by 30.5% in the 1st quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock valued at $718,522,000 after purchasing an additional 1,743,945 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Arch Capital Group during the 1st quarter worth $71,769,000. Champlain Investment Partners LLC acquired a new position in shares of Arch Capital Group during the first quarter worth $48,040,000. Finally, Amundi increased its holdings in Arch Capital Group by 32.3% in the first quarter. Amundi now owns 1,683,211 shares of the insurance provider’s stock valued at $162,060,000 after buying an additional 410,825 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wolfe Research assumed coverage on Arch Capital Group in a report on Monday, September 15th. They set a “peer perform” rating for the company. Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Citigroup started coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 price target for the company. Cowen reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.36.

Arch Capital Group Stock Performance

Shares of ACGL opened at $90.31 on Thursday. The company’s 50 day simple moving average is $89.95 and its 200-day simple moving average is $91.19. The firm has a market cap of $33.71 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 5.55 and a beta of 0.47. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

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

About Arch Capital Group

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.