Moloney Securities Asset Management LLC Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Moloney Securities Asset Management LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,108 shares of the insurance provider’s stock after purchasing an additional 4,205 shares during the period. Moloney Securities Asset Management LLC’s holdings in Arch Capital Group were worth $3,145,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA increased its stake in Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC purchased a new position in Arch Capital Group in the 2nd quarter worth approximately $35,000. LRI Investments LLC bought a new stake in Arch Capital Group in the first quarter valued at approximately $40,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group during the third quarter valued at approximately $46,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACGL shares. Bank of America upped their price target on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Roth Mkm boosted their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company dropped their price objective on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a report on Monday. Finally, Citigroup boosted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and an average target price of $119.87.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 1.1 %

Shares of NASDAQ:ACGL opened at $95.00 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. 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 cap of $35.73 billion, a P/E ratio of 6.38, a PEG ratio of 1.38 and a beta of 0.61. The stock’s fifty day moving average price is $110.43 and its 200-day moving average price is $102.87.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.09 earnings per share for the current year.

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.