SYSTM Wealth Solutions LLC Decreases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

SYSTM Wealth Solutions LLC reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 78.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,457 shares of the insurance provider’s stock after selling 5,283 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Arch Capital Group were worth $147,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. UMB Bank n.a. purchased a new position in shares of Arch Capital Group during the second quarter worth approximately $30,000. Baldwin Brothers LLC MA increased its stake in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the period. Richardson Financial Services Inc. purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at about $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth about $35,000. Finally, LRI Investments LLC purchased a new position in shares of Arch Capital Group during the first quarter worth about $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.8 %

Arch Capital Group stock opened at $113.04 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $114.69. The firm has a market capitalization of $42.51 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The stock’s fifty day moving average is $103.22 and its two-hundred day moving average is $98.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.92 EPS. Analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ACGL shares. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada boosted their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Citigroup upped their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Bank of America lowered their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, JMP Securities increased their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.93.

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.