Callan Family Office LLC Increases Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Callan Family Office LLC increased its stock position in Arch Capital Group Ltd. by 286.2% in the 2nd quarter, holding a total of 9,392 shares valued at approximately $855,000.
• Institutional investors collectively own 89.07% of Arch Capital Group's stock, with various firms like Meeder Asset Management and Bartlett & CO. Wealth Management recently increasing their stakes.
• Arch Capital Group reported an earnings per share of $2.58 in its last quarter, exceeding analyst expectations, and has received a consensus rating of "Moderate Buy" from analysts with an average target price of $110.31.

Callan Family Office LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 286.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,392 shares of the insurance provider's stock after buying an additional 6,960 shares during the period. Callan Family Office LLC's holdings in Arch Capital Group were worth $855,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after buying an additional 150 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the 1st quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in shares of Arch Capital Group during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Arch Capital Group during the 1st quarter valued at about $37,000. Finally, Grove Bank & Trust bought a new stake in shares of Arch Capital Group during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.3%

Shares of NASDAQ ACGL opened at $92.47 on Monday. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $115.06. The stock has a market cap of $34.51 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 5.47 and a beta of 0.47. The firm has a 50-day moving average of $90.63 and a 200 day moving average of $91.03. 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 issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the company posted $2.57 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $107.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating and set a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Citigroup assumed coverage on shares of Arch Capital Group in a research note on Wednesday, August 13th. They set a "buy" rating and a $113.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.31.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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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