Dakota Wealth Management Acquires New Shares in Arch Capital Group Ltd. $ACGL

Dakota Wealth Management bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 9,111 shares of the insurance provider’s stock, valued at approximately $874,000.

Other institutional investors also recently modified their holdings of the company. Daymark Wealth Partners LLC increased its stake in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 106 shares during the last quarter. Crescent Grove Advisors LLC boosted its stake in 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 acquiring an additional 112 shares during the last quarter. Keel Point LLC grew its holdings in Arch Capital Group by 4.6% during the third quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 112 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Arch Capital Group by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 127 shares during the period. Finally, Compound Planning Inc. increased its stake in Arch Capital Group by 5.0% in the third quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 127 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACGL. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.20.

Arch Capital Group Stock Performance

Shares of ACGL opened at $93.42 on Monday. The firm has a market cap of $33.28 billion, a P/E ratio of 8.04, a PEG ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s 50 day moving average price is $96.24 and its two-hundred day moving average price is $93.18.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the firm earned $2.26 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 47,430 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the sale, the insider directly owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the transaction, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,267 shares of company stock valued at $7,291,637 in the last quarter. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Company 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.