Parallel Advisors LLC Has $328,000 Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Parallel Advisors LLC lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,249 shares of the insurance provider’s stock after selling 163 shares during the quarter. Parallel Advisors LLC’s holdings in Arch Capital Group were worth $328,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. acquired a new position in Arch Capital Group during the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA lifted its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at approximately $35,000. Finally, LRI Investments LLC bought a new position in Arch Capital Group in the 1st quarter worth approximately $38,000. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JMP Securities increased their price objective on Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Evercore ISI lifted their price target on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 31st. Finally, 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 objective on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.93.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $113.04 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $114.69. The firm has a fifty day moving average of $103.22 and a 200-day moving average of $98.52. The firm has a market capitalization of $42.51 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60.

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 return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group 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.