Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 6,468 Shares of Arch Capital Group Ltd. $ACGL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,882 shares of the insurance provider’s stock after selling 6,468 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Arch Capital Group were worth $4,500,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACGL. Elyxium Wealth LLC bought a new stake in shares of Arch Capital Group during the 4th quarter worth about $27,000. WealthCollab LLC increased its holdings in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $28,000. Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group in the 4th quarter valued at approximately $30,000. Finally, Grove Bank & Trust acquired a new stake in Arch Capital Group in the 4th quarter worth approximately $30,000. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In related news, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Down 1.5%

Shares of ACGL stock opened at $101.53 on Wednesday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $105.09. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a market cap of $35.47 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 5.13 and a beta of 0.31. The stock has a 50 day moving average of $94.76 and a 200-day moving average of $95.55.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley upped their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Citigroup raised their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.12.

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.