AE Wealth Management LLC Has $638,000 Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

AE Wealth Management LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 96.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,631 shares of the insurance provider's stock after purchasing an additional 3,250 shares during the quarter. AE Wealth Management LLC's holdings in Arch Capital Group were worth $638,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its stake in shares of Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock valued at $642,000 after acquiring an additional 113 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Arch Capital Group by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider's stock valued at $1,272,000 after acquiring an additional 115 shares during the period. Horizon Advisory Services Inc. lifted its stake in shares of Arch Capital Group by 4.2% during the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock valued at $288,000 after acquiring an additional 120 shares during the period. Cim LLC lifted its stake in shares of Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after acquiring an additional 124 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling

In related news, insider John M. Pasquesi sold 75,060 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider directly owned 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider directly owned 140,023 shares of the company's stock, valued at $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,340 shares of company stock worth $9,824,861. 4.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACGL shares. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Barclays cut their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group increased their target price on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.40.

Arch Capital Group Trading Up 1.8%

Shares of Arch Capital Group stock traded up $1.51 during trading hours on Friday, hitting $87.57. The company's stock had a trading volume of 1,011,850 shares, compared to its average volume of 1,913,172. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a 50 day moving average of $90.41 and a 200 day moving average of $91.64. The company has a market capitalization of $32.82 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 5.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate 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 company earned $2.57 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.