Auxier Asset Management Lowers Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Auxier Asset Management cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 31.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the insurance provider’s stock after selling 1,600 shares during the period. Auxier Asset Management’s holdings in Arch Capital Group were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baldwin Brothers LLC MA raised its position in Arch Capital Group by 50.7% during the 2nd 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 in the last quarter. Sunbelt Securities Inc. lifted its stake in Arch Capital Group by 1.8% in the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after acquiring an additional 117 shares during the period. Resonant Capital Advisors LLC grew its holdings in Arch Capital Group by 2.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc grew its holdings in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 131 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in Arch Capital Group by 1.1% during the 1st quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock valued at $1,159,000 after purchasing an additional 141 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was 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 directly owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 1.6 %

ACGL stock opened at $113.24 on Friday. The stock has a market capitalization of $42.59 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $103.82 and a 200 day moving average of $98.71.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share 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 analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Analyst Ratings Changes

ACGL has been the topic of a number of recent research reports. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Barclays began coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. 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. Finally, Roth Mkm increased their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $113.73.

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.