Raymond James Financial Inc. Has $45.37 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• Raymond James Financial Inc. increased its stake in Arch Capital Group Ltd. by 4.0%, owning approximately 471,679 shares valued at about $45.4 million following a purchase of an additional 18,228 shares in the first quarter.
• Arch Capital Group reported an EPS of $2.58 for the last quarter, surpassing the consensus estimate by $0.28, while achieving a net margin of 19.49% and revenue of $4.35 billion.
• Wall Street has a consensus rating of "Moderate Buy" for Arch Capital, with ten analysts recommending a buy and an average price target of $112.13.

Raymond James Financial Inc. grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 471,679 shares of the insurance provider's stock after acquiring an additional 18,228 shares during the period. Raymond James Financial Inc. owned about 0.13% of Arch Capital Group worth $45,366,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital A Wealth Management LLC purchased a new stake in Arch Capital Group during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after buying an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of Arch Capital Group in the first quarter worth $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Arch Capital Group in the first quarter worth $37,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.13 during trading on Friday, hitting $93.41. 1,820,208 shares of the stock were exchanged, compared to its average volume of 2,234,580. The stock's fifty day moving average is $89.45 and its 200 day moving average is $91.21. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a market cap of $34.86 billion, a PE ratio of 9.64, a P/E/G ratio of 5.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The firm had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period last year, the firm earned $2.57 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Cowen reissued a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods upped their price objective on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Finally, Cantor Fitzgerald raised Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

Arch Capital Group Company 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.