Regent Peak Wealth Advisors LLC Buys Shares of 3,011 Arch Capital Group Ltd. (NASDAQ:ACGL)

Regent Peak Wealth Advisors LLC bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,011 shares of the insurance provider's stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Arch Capital Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after acquiring an additional 182,150 shares in the last quarter. Geode Capital Management LLC boosted its position in Arch Capital Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after acquiring an additional 180,493 shares in the last quarter. Principal Financial Group Inc. boosted its position in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after acquiring an additional 783,506 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Arch Capital Group by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after acquiring an additional 226,617 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Arch Capital Group by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock valued at $451,499,000 after acquiring an additional 93,226 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACGL. JPMorgan Chase & Co. increased their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their target price on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. UBS Group dropped their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Barclays dropped their target price on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.00.

Insider Activity

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the completion of the transaction, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the transaction, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock valued at $10,531,038 in the last quarter. 4.10% of the stock is currently owned by company insiders.

Arch Capital Group Stock Up 1.0%

Arch Capital Group stock opened at $95.53 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The business's 50-day simple moving average is $92.57 and its two-hundred day simple moving average is $93.01. The company has a market cap of $35.80 billion, a PE ratio of 8.53, a PEG ratio of 2.31 and a beta of 0.53. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 24.73% and a return on equity of 17.96%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $2.45 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS 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.

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