Atlas Capital Advisors Inc. Purchases Shares of 7,076 Arch Capital Group Ltd. $ACGL

Atlas Capital Advisors Inc. purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 7,076 shares of the insurance provider’s stock, valued at approximately $679,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Elyxium Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $27,000. WealthCollab LLC raised its stake in Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Arch Capital Group in the third quarter valued at $28,000. Grove Bank & Trust acquired a new stake in Arch Capital Group in the fourth quarter valued at $30,000. Finally, Aventura Private Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at $30,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $91.66 on Monday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The stock’s 50 day moving average is $94.45 and its two-hundred day moving average is $95.03. The firm has a market capitalization of $32.03 billion, a PE ratio of 7.04, a P/E/G ratio of 4.58 and a beta of 0.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. Research analysts anticipate that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several research reports. Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Barclays raised their price objective on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, UBS Group reaffirmed a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.81.

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.