Signet Financial Management LLC Has $2.22 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Signet Financial Management LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 37.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,091 shares of the insurance provider's stock after purchasing an additional 6,330 shares during the period. Signet Financial Management LLC's holdings in Arch Capital Group were worth $2,221,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ACGL. Capital A Wealth Management LLC bought a new position in Arch Capital Group in the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $42,000. Quarry LP bought a new stake in shares of Arch Capital Group in the 4th quarter valued at about $58,000. Finally, McIlrath & Eck LLC increased its stake in shares of Arch Capital Group by 165.3% in the 4th quarter. McIlrath & Eck LLC now owns 666 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 415 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACGL shares. Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.63.

Arch Capital Group Stock Down 2.8%

Shares of NASDAQ:ACGL traded down $2.58 during mid-day trading on Tuesday, reaching $89.77. 1,770,195 shares of the stock were exchanged, compared to its average volume of 1,686,206. The stock's 50 day simple moving average is $92.48 and its 200-day simple moving average is $92.91. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a market cap of $33.64 billion, a P/E ratio of 8.02, a P/E/G ratio of 2.31 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $2.45 earnings per share. Arch Capital Group's revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In related news, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the sale, the insider now owns 140,023 shares in the company, valued at approximately $13,236,374.19. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,976 shares of company stock valued at $10,531,038. Corporate insiders own 4.20% 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.