Global Retirement Partners LLC Has $775,000 Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Global Retirement Partners LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,931 shares of the insurance provider’s stock after buying an additional 626 shares during the period. Global Retirement Partners LLC’s holdings in Arch Capital Group were worth $775,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the second quarter worth $30,000. Baldwin Brothers LLC MA boosted 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 buying an additional 104 shares during the period. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the second quarter worth about $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the 1st quarter valued at approximately $38,000. Finally, Versant Capital Management Inc lifted its stake in 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 acquiring an additional 131 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL opened at $108.53 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day simple moving average of $110.05 and a 200 day simple moving average of $101.96. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market capitalization of $40.75 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating 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 business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company posted $1.92 earnings per share. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. Research analysts expect that Arch Capital Group Ltd. will post 9.07 EPS for the current year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Evercore ISI boosted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup upped their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, TD Cowen raised their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

Arch Capital Group 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.