Wealthfront Advisers LLC Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wealthfront Advisers LLC boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 41.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,095 shares of the insurance provider's stock after buying an additional 14,778 shares during the quarter. Wealthfront Advisers LLC's holdings in Arch Capital Group were worth $4,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Arch Capital Group by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock worth $4,924,000 after buying an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $251,000. D.A. Davidson & CO. raised its holdings in Arch Capital Group by 10.9% during the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock worth $4,381,000 after purchasing an additional 4,460 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Arch Capital Group by 24.7% during 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 last quarter. Finally, World Investment Advisors grew its position in Arch Capital Group by 114.1% in the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after buying an additional 3,369 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Insider Transactions at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer directly owned 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,976 shares of company stock valued at $10,531,038. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 0.5%

ACGL stock opened at $88.66 on Friday. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $33.23 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.51. The company has a fifty day moving average price of $91.63 and a two-hundred day moving average price of $91.93.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its 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 firm had revenue of $4.52 billion for 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 revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company restated an "overweight" rating and issued a $110.00 price target (up previously 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 price target (down previously from $113.00) on shares of Arch Capital Group in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, UBS Group increased their target price on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. 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 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.

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