Arch Capital Group Ltd. $ACGL Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Arch Capital Group Ltd. by 59.8%, owning 4,252 shares worth $409,000 after selling 6,328 shares in the first quarter.
• Arch Capital Group reported $2.58 EPS for the quarter, exceeding analysts' expectations of $2.30, along with a revenue of $4.35 billion.
• Several analysts have set new price targets for Arch Capital Group, with Morgan Stanley's target at $110.00 and JMP Securities at $125.00, indicating strong potential for the stock.

Atria Wealth Solutions Inc. decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 59.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,252 shares of the insurance provider's stock after selling 6,328 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Arch Capital Group were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of Arch Capital Group by 663.3% in the fourth quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock valued at $227,401,000 after acquiring an additional 2,139,782 shares during the period. GAMMA Investing LLC raised its position in Arch Capital Group by 10,817.9% in the 1st quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after purchasing an additional 798,797 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arch Capital Group by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,576,223 shares of the insurance provider's stock worth $330,264,000 after purchasing an additional 522,484 shares during the period. Deutsche Bank AG grew its position in Arch Capital Group by 31.1% during the 4th quarter. Deutsche Bank AG now owns 2,098,619 shares of the insurance provider's stock worth $193,807,000 after purchasing an additional 498,426 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Arch Capital Group by 11.3% in the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after purchasing an additional 495,262 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACGL. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. JMP Securities reiterated 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. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Cantor Fitzgerald upgraded shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Price Performance

ACGL stock traded up $1.02 on Tuesday, reaching $91.37. The company had a trading volume of 104,116 shares, compared to its average volume of 1,930,903. The company's fifty day moving average is $89.26 and its 200 day moving average is $91.20. The company has a market cap of $34.10 billion, a P/E ratio of 9.43, a PEG ratio of 5.56 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

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

Arch Capital Group 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.