Coppell Advisory Solutions LLC Has $931,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in Arch Capital Group by 871.8% in the first quarter, owning 10,078 shares valued at approximately $931,000.
• Arch Capital Group reported an EPS of $2.58 for the last quarter, exceeding expectations, with revenues of $4.35 billion, and a net margin of 19.49%.
• Analysts have a consensus rating of "Moderate Buy" for Arch Capital Group, with an average target price of $111.27 per share.

Coppell Advisory Solutions LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 871.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,078 shares of the insurance provider's stock after purchasing an additional 9,041 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Arch Capital Group were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. grew its stake in shares of Arch Capital Group by 8.4% in the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock worth $138,000 after purchasing an additional 111 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Arch Capital Group by 1.7% in the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after purchasing an additional 113 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Arch Capital Group by 0.9% in the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock worth $1,272,000 after purchasing an additional 115 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock worth $52,000 after purchasing an additional 119 shares in the last quarter. Finally, Horizon Advisory Services Inc. grew its stake in shares of Arch Capital Group by 4.2% in the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup assumed coverage on Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target for the company. Cowen reissued a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. 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 report on Thursday, August 14th. Finally, Wells Fargo & Company cut their price objective on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded down $0.03 during trading on Friday, hitting $92.26. The stock had a trading volume of 1,256,486 shares, compared to its average volume of 1,668,070. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $34.43 billion, a P/E ratio of 9.52, a PEG ratio of 5.65 and a beta of 0.51. The business has a fifty day moving average of $89.83 and a two-hundred day moving average of $91.38. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $2.57 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company's stock, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is owned by company insiders.

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.