Stephens Inc. AR Purchases 20,836 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Stephens Inc. AR boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 184.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,120 shares of the insurance provider’s stock after purchasing an additional 20,836 shares during the period. Stephens Inc. AR’s holdings in Arch Capital Group were worth $3,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA grew 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 worth $31,000 after buying an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group during the second quarter worth $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group in the 1st quarter valued at $38,000. Finally, Versant Capital Management Inc lifted 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 acquiring an additional 131 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Activity

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 sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Down 2.6 %

Shares of ACGL stock opened at $96.02 on Friday. The company has a market cap of $36.11 billion, a P/E ratio of 6.44, a PEG ratio of 1.83 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a 50 day simple moving average of $110.43 and a two-hundred day simple moving average of $102.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter in the previous year, the business posted $2.31 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 9.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on ACGL shares. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup raised their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 target price on the stock. Royal Bank of Canada dropped their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Evercore ISI boosted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.40.

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.