Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Trimmed by Aurora Investment Counsel

Aurora Investment Counsel decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,471 shares of the insurance provider’s stock after selling 884 shares during the period. Aurora Investment Counsel’s holdings in Arch Capital Group were worth $1,460,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JMP Securities upped 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 research note on Wednesday, July 31st. Barclays started coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective on the stock. Roth Mkm increased their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Finally, TD Cowen increased their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.73.

Arch Capital Group Trading Down 1.3 %

Shares of NASDAQ ACGL opened at $111.88 on Tuesday. The business has a 50 day simple moving average of $106.05 and a 200 day simple moving average of $100.03. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.69. The stock has a market cap of $42.01 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 2.05 and a beta of 0.60. 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 posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group 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 transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by corporate insiders.

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.