Stratos Wealth Partners LTD. Sells 8,873 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Stratos Wealth Partners LTD. lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 73.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,152 shares of the insurance provider's stock after selling 8,873 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Arch Capital Group were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACGL. M&T Bank Corp lifted its stake in Arch Capital Group by 1.8% in the first quarter. M&T Bank Corp now owns 74,687 shares of the insurance provider's stock worth $7,183,000 after acquiring an additional 1,334 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Arch Capital Group by 24.7% in the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock worth $3,619,000 after acquiring an additional 7,448 shares during the period. Capital Advisors Inc. OK lifted its stake in Arch Capital Group by 24.0% in the first quarter. Capital Advisors Inc. OK now owns 3,327 shares of the insurance provider's stock worth $320,000 after acquiring an additional 643 shares during the period. Cloud Capital Management LLC purchased a new stake in Arch Capital Group in the first quarter worth $122,000. Finally, HM Payson & Co. lifted its stake in Arch Capital Group by 14.0% in the first quarter. HM Payson & Co. now owns 11,200 shares of the insurance provider's stock worth $1,077,000 after acquiring an additional 1,377 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Wells Fargo & Company reiterated an "overweight" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Arch Capital Group in a report on Thursday, July 10th. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Barclays decreased their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.60.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the sale, the insider directly owned 140,023 shares in the company, valued at $13,236,374.19. This trade represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,976 shares of company stock valued at $10,531,038. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.15 during trading on Friday, hitting $88.51. 427,856 shares of the company's stock traded hands, compared to its average volume of 1,758,345. 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 Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The stock has a market capitalization of $33.17 billion, a P/E ratio of 9.08, a PEG ratio of 6.20 and a beta of 0.51. The business has a 50-day simple moving average of $91.63 and a 200-day simple moving average of $91.93.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results 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 firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 earnings per share. As a group, analysts forecast 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.