Fidelis Capital Partners LLC Has $344,000 Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fidelis Capital Partners LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,553 shares of the insurance provider’s stock after buying an additional 106 shares during the period. Fidelis Capital Partners LLC’s holdings in Arch Capital Group were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Baldwin Brothers LLC MA raised 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 acquiring an additional 104 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Arch Capital Group by 1.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after purchasing an additional 117 shares during the last quarter. Resonant Capital Advisors LLC lifted its position 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 valued at $536,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc boosted its stake in shares of Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Arch Capital Group by 1.1% during the 1st quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock worth $1,159,000 after buying an additional 141 shares during the period. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ACGL shares. JMP Securities increased their price objective on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. Citigroup raised their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada upped their price objective on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.73.

Arch Capital Group Trading Up 0.4 %

Shares of NASDAQ:ACGL opened at $113.66 on Tuesday. The firm has a market cap of $42.74 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 2.07 and a beta of 0.60. 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 company’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $99.23.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share 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 analysts’ expectations of $3.89 billion. During the same period last year, the business earned $1.92 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS 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 that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

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.