Arch Capital Group Ltd. $ACGL Shares Bought by Diversified Trust Co

Key Points

• Diversified Trust Co increased its stake in Arch Capital Group by 74.4% during Q2, acquiring an additional 3,363 shares and valuing its holdings at $718,000.
• Arch Capital Group has a current market capitalization of $32.85 billion, with shares recently opening at $88.03, and has reported earnings per share of $2.58 for the last quarter, outperforming estimates.
• Analysts have a mixed view on the stock with eight rating it as Buy and eight as Hold, with an average price target of $109.36.

Diversified Trust Co lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 74.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,883 shares of the insurance provider's stock after acquiring an additional 3,363 shares during the period. Diversified Trust Co's holdings in Arch Capital Group were worth $718,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Harbour Investments Inc. boosted its stake in shares of Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider's stock valued at $138,000 after acquiring an additional 111 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in Arch Capital Group by 1.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Arch Capital Group by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock valued at $1,272,000 after buying an additional 115 shares during the period. Hemington Wealth Management increased its stake in shares of Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. lifted its holdings in shares of Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACGL. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Citigroup began coverage on shares of Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Finally, Wolfe Research initiated coverage on shares of Arch Capital Group in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target of $109.36.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $88.03 on Tuesday. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $32.85 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 5.41 and a beta of 0.51. The business has a 50 day simple moving average of $89.73 and a 200-day simple moving average of $91.22.

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

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company'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 completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.10% of the company's stock.

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.

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