Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 101.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,332 shares of the insurance provider's stock after buying an additional 38,452 shares during the quarter. Captrust Financial Advisors' holdings in Arch Capital Group were worth $7,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACGL. Oregon Public Employees Retirement Fund lifted its position in Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after buying an additional 110 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after buying an additional 127 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after buying an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of Arch Capital Group by 4.5% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after buying an additional 132 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Arch Capital Group stock traded down $1.21 during midday trading on Tuesday, hitting $93.42. 1,711,679 shares of the company were exchanged, compared to its average volume of 1,727,078. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The business has a fifty day simple moving average of $92.28 and a two-hundred day simple moving average of $93.75. The firm has a market capitalization of $35.10 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the firm posted $2.45 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. UBS Group cut their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company raised their target price on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,886 shares of company stock worth $3,335,702 over the last 90 days. 4.20% of the stock is owned by insiders.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.