Insight Wealth Strategies LLC Has $4.48 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Insight Wealth Strategies LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,600 shares of the insurance provider's stock after acquiring an additional 3,635 shares during the quarter. Insight Wealth Strategies LLC's holdings in Arch Capital Group were worth $4,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter worth $42,000. Y.D. More Investments Ltd boosted its stake in Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares in the last quarter. Finally, Quarry LP acquired a new stake in Arch Capital Group during the fourth quarter worth $58,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock traded up $0.86 during trading on Friday, reaching $95.06. The company's stock had a trading volume of 2,897,694 shares, compared to its average volume of 1,725,859. The stock has a 50-day moving average price of $92.63 and a two-hundred day moving average price of $93.15. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a market capitalization of $35.62 billion, a P/E ratio of 8.49, 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 results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 123,576 shares of company stock valued at $11,586,638. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ACGL shares. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. JMP Securities restated 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. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $115.00.

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.