Kestra Advisory Services LLC Has $1.42 Million Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• Kestra Advisory Services LLC increased its holdings in Arch Capital Group Ltd. by 32.5%, owning 14,719 shares valued at approximately $1.416 million after buying an additional 3,611 shares in the first quarter.
• Several hedge funds have also made significant investments in Arch Capital Group, with institutional investors now owning 89.07% of the company's stock.
• Arch Capital Group reported earnings of $2.58 per share for the last quarter, surpassing analysts' expectations of $2.30, along with a revenue of $4.35 billion.

Kestra Advisory Services LLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 32.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,719 shares of the insurance provider's stock after purchasing an additional 3,611 shares during the quarter. Kestra Advisory Services LLC's holdings in Arch Capital Group were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ACGL. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the 4th quarter worth about $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group in the 1st quarter worth about $27,000. Meeder Asset Management Inc. boosted its stake in Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after buying an additional 150 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Arch Capital Group in the 1st quarter worth about $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group in the 1st quarter worth about $37,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares of the company's stock, valued at $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACGL. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. UBS Group restated a "buy" rating and set a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Citigroup started coverage on Arch Capital Group in a report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average price target of $111.27.

Arch Capital Group Stock Performance

ACGL traded down $0.39 during trading on Thursday, reaching $92.51. 526,835 shares of the company were exchanged, compared to its average volume of 1,917,136. The stock has a market cap of $34.53 billion, a P/E ratio of 9.55, a PEG ratio of 5.60 and a beta of 0.51. The firm has a 50 day moving average of $89.64 and a 200 day moving average of $91.25. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $4.35 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm posted $2.57 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.