Atria Investments Inc Has $2.87 Million Stake in Arch Capital Group Ltd. $ACGL

Atria Investments Inc reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,672 shares of the insurance provider’s stock after selling 8,774 shares during the quarter. Atria Investments Inc’s holdings in Arch Capital Group were worth $2,874,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ACGL. TD Waterhouse Canada Inc. boosted its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the period. Crescent Grove Advisors LLC lifted its stake in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after buying an additional 112 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of Arch Capital Group by 3.1% during the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after buying an additional 116 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Arch Capital Group by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock worth $275,000 after buying an additional 127 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Arch Capital Group by 5.1% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,828 shares of the insurance provider’s stock valued at $257,000 after buying an additional 136 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Evercore set a $100.00 price target on Arch Capital Group and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.27.

Arch Capital Group Trading Down 1.5%

Shares of NASDAQ:ACGL opened at $98.38 on Tuesday. The business’s 50 day simple moving average is $95.28 and its 200 day simple moving average is $92.05. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.55. The company has a market capitalization of $35.68 billion, a P/E ratio of 8.47, a P/E/G ratio of 3.94 and a beta of 0.42.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the company posted $2.26 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the transaction, the insider directly owned 351,356 shares in the company, valued at $32,992,328.40. This represents a 36.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.