NBC Securities Inc. Sells 1,116 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

NBC Securities Inc. reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,821 shares of the insurance provider’s stock after selling 1,116 shares during the period. NBC Securities Inc.’s holdings in Arch Capital Group were worth $631,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Arch Capital Group in the fourth quarter worth $27,000. Larson Financial Group LLC bought a new stake in Arch Capital Group during the fourth quarter valued at $30,000. Richardson Financial Services Inc. bought a new stake in Arch Capital Group during the fourth quarter valued at $33,000. CVA Family Office LLC bought a new stake in Arch Capital Group during the fourth quarter valued at $47,000. Finally, Quarry LP bought a new stake in Arch Capital Group during the fourth quarter valued at $60,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Up 1.6 %

ACGL opened at $102.45 on Friday. Arch Capital Group Ltd. has a 12 month low of $70.53 and a 12 month high of $103.79. The company has a market cap of $38.47 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.73 and a beta of 0.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $97.59 and its 200-day moving average price is $88.36.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 EPS. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a research note on Tuesday, April 30th. Bank of America raised their price target on Arch Capital Group from $109.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 2nd. Finally, JMP Securities raised their price target on Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

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.