Strid Group LLC Buys 4,595 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Strid Group LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 54.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,105 shares of the insurance provider's stock after purchasing an additional 4,595 shares during the period. Arch Capital Group accounts for approximately 0.2% of Strid Group LLC's holdings, making the stock its 24th largest position. Strid Group LLC's holdings in Arch Capital Group were worth $1,260,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ACGL. Capital A Wealth Management LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Arch Capital Group in the first quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Arch Capital Group in the fourth quarter worth about $37,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the first quarter worth about $40,000. Finally, Pinnacle Bancorp Inc. bought a new stake in Arch Capital Group during the 1st quarter valued at approximately $59,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. UBS Group lifted their target price on Arch Capital Group to $124.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.27.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer directly owned 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction on Friday, May 16th. The shares were 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 directly owned 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,976 shares of company stock worth $10,531,038. Corporate insiders own 4.10% of the company's stock.

Arch Capital Group Trading Down 3.4%

Shares of ACGL traded down $3.12 during midday trading on Wednesday, hitting $88.38. The stock had a trading volume of 2,848,536 shares, compared to its average volume of 1,759,581. The stock's 50 day moving average is $92.38 and its 200 day moving average is $92.14. The firm has a market cap of $33.12 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 6.29 and a beta of 0.51. 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data 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 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 business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. As a group, 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.