Advisors Preferred LLC Invests $525,000 in Arch Capital Group Ltd. $ACGL

Advisors Preferred LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,465 shares of the insurance provider’s stock, valued at approximately $525,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Arch Capital Group during the 4th quarter worth about $463,208,000. Morgan Stanley grew its holdings in shares of Arch Capital Group by 0.8% in the 4th quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after acquiring an additional 33,132 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Arch Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after acquiring an additional 160,326 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Arch Capital Group by 4.3% during the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after purchasing an additional 121,090 shares in the last quarter. Finally, UBS Group AG increased its holdings in Arch Capital Group by 56.4% during the third quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after buying an additional 987,398 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of several analyst reports. Mizuho upped their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Citigroup lifted their price objective on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Morgan Stanley raised their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Eight 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, Arch Capital Group currently has a consensus rating of “Hold” and an average target price of $109.39.

Insider Buying and Selling

In related news, Director Brian S. Posner sold 3,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Down 2.9%

Shares of NASDAQ:ACGL opened at $98.54 on Thursday. The business’s 50 day simple moving average is $94.83 and its 200 day simple moving average is $95.56. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $34.43 billion, a P/E ratio of 7.57, a P/E/G ratio of 5.05 and a beta of 0.31.

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 firm had revenue of $4.52 billion during the quarter. On average, research analysts anticipate that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

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.