Accurate Wealth Management LLC Makes New Investment in Arch Capital Group Ltd. $ACGL

Accurate Wealth Management LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,054 shares of the insurance provider’s stock, valued at approximately $2,099,000.

Several other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC increased its stake in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after buying an additional 171,693 shares during the period. JPMorgan Chase & Co. boosted its position in Arch Capital Group by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after acquiring an additional 360,626 shares in the last quarter. Norges Bank bought a new stake in Arch Capital Group during the 2nd quarter valued at $441,551,000. Invesco Ltd. increased its holdings in shares of Arch Capital Group by 2.3% in the 2nd quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock valued at $372,168,000 after acquiring an additional 90,824 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after acquiring an additional 2,279,147 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the sale, the insider directly owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $34,220. The trade was a 60.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,267 shares of company stock valued at $7,291,637 in the last three months. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACGL shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $104.00 price objective (up from $102.00) on shares of Arch Capital Group in a research report on Thursday, February 12th. Barclays set a $104.00 price target on Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Evercore set a $100.00 price objective on Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Roth Mkm set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings raised Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $109.20.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $93.42 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 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 3.83 and a beta of 0.40. The firm’s fifty day moving average is $96.24 and its two-hundred day moving average is $93.14.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter last year, the business posted $2.26 EPS. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

About Arch Capital Group

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.