D.A. Davidson & CO. Increases Stock Position in Arch Capital Group Ltd. $ACGL

D.A. Davidson & CO. increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,076 shares of the insurance provider’s stock after buying an additional 6,627 shares during the period. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $6,535,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of the 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 completion of the purchase, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by insiders.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $101.35 on Friday. The firm has a market cap of $35.41 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 4.98 and a beta of 0.31. The firm’s 50-day simple moving average is $95.09 and its 200-day simple moving average is $95.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Mizuho increased their target price on Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $102.00 price target (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and a consensus target price of $109.39.

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.