Oak Thistle LLC Takes $407,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Oak Thistle LLC has purchased 4,235 shares of Arch Capital Group Ltd. (NASDAQ: ACGL), valued at approximately $407,000.
• Analysts have mixed forecasts for Arch Capital, with price targets ranging from $100.00 to $125.00, and an average target price of $113.60.
• Arch Capital Group's recent earnings report showed a miss on EPS estimates, reporting $1.54 compared to the expected $1.59, despite a 10.5% year-over-year revenue increase.

Oak Thistle LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,235 shares of the insurance provider's stock, valued at approximately $407,000.

Other large investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC boosted its holdings in Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock worth $642,000 after buying an additional 113 shares in the last quarter. Horizon Advisory Services Inc. boosted its stake in shares of Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider's stock worth $288,000 after acquiring an additional 120 shares in the last quarter. Cim LLC boosted its stake in shares of Arch Capital Group by 1.1% during the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock worth $1,034,000 after acquiring an additional 124 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring an additional 126 shares in the last quarter. Finally, Aurora Investment Managers LLC. boosted its position in shares of Arch Capital Group by 0.6% in the 1st quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after purchasing an additional 135 shares during the period. Institutional investors own 89.07% of the company's stock.

Insider Activity

In related news, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the transaction, the insider owned 579,218 shares of the company's stock, valued at approximately $54,452,284.18. The trade was a 11.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider owned 140,023 shares of the company's stock, valued at approximately $13,236,374.19. This trade represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock valued at $10,531,038 over the last three months. Corporate insiders own 4.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Wells Fargo & Company reiterated an "overweight" rating and issued a $110.00 target price (up from $108.00) on shares of Arch Capital Group in a report on Thursday, July 10th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $101.00 target price (down from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. 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 research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $113.60.

Arch Capital Group Stock Up 0.0%

Shares of Arch Capital Group stock traded up $0.01 during trading on Tuesday, hitting $86.51. 551,590 shares of the stock traded hands, compared to its average volume of 1,879,791. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $32.42 billion, a P/E ratio of 8.87, a PEG ratio of 6.18 and a beta of 0.51. The company has a fifty day moving average price of $90.84 and a two-hundred day moving average price of $91.76. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. Arch Capital Group's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.45 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.