Private Advisor Group LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Private Advisor Group LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 39.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,368 shares of the insurance provider’s stock after purchasing an additional 3,195 shares during the quarter. Private Advisor Group LLC’s holdings in Arch Capital Group were worth $1,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. bought a new position in Arch Capital Group during the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA raised its stake 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 buying an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the 2nd quarter valued at $35,000. LRI Investments LLC purchased a new position in shares of Arch Capital Group in the 1st quarter worth $38,000. Finally, Versant Capital Management Inc grew its holdings in shares of Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 131 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 6.3 %

ACGL stock opened at $98.56 on Friday. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a fifty day moving average price of $110.69 and a 200 day moving average price of $102.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.06 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The shares were 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 owns 221,779 shares in the company, valued at $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ACGL. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. TD Cowen raised their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.53.

About Arch Capital Group

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.