Arch Capital Group Ltd. $ACGL Stock Position Increased by Diamant Asset Management Inc.

Diamant Asset Management Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7,841.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 275,971 shares of the insurance provider’s stock after purchasing an additional 272,496 shares during the period. Diamant Asset Management Inc. owned 0.08% of Arch Capital Group worth $27,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $27,000. WealthCollab LLC grew its holdings in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $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 3rd quarter valued at approximately $28,000. Aventura Private Wealth LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at approximately $30,000. Finally, Grove Bank & Trust bought a new stake in Arch Capital Group during the 4th quarter valued at $30,000. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACGL. Morgan Stanley set a $105.00 price target on Arch Capital Group in a research report on Friday, May 1st. Mizuho cut their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Citigroup upped their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Barclays boosted their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.81.

Insider Activity

In other news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director directly 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 SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Stock Up 3.4%

ACGL opened at $97.54 on Friday. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The stock’s fifty day moving average is $93.65 and its 200-day moving average is $95.03. The company has a market capitalization of $34.08 billion, a PE ratio of 7.49, a P/E/G ratio of 4.88 and a beta of 0.32.

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 business had revenue of $4.52 billion during the quarter. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

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.