Benjamin F. Edwards & Company Inc. Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,765 shares of the insurance provider's stock, valued at approximately $650,000.

Several other hedge funds have also added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC bought a new position in Arch Capital Group in the fourth quarter valued at about $27,000. Larson Financial Group LLC purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. CVA Family Office LLC purchased a new position in Arch Capital Group in the fourth quarter worth $47,000. Covestor Ltd boosted its position in Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider's stock worth $72,000 after purchasing an additional 696 shares during the last quarter. Finally, Operose Advisors LLC bought a new stake in shares of Arch Capital Group in the third quarter valued at $75,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Roth Mkm restated a "buy" rating and set a $110.00 price target on shares of Arch Capital Group in a research report on Tuesday, April 30th. TD Cowen initiated coverage on Arch Capital Group in a report on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Finally, UBS Group lowered their price objective on Arch Capital Group from $101.00 to $97.00 and set a "buy" rating for the company in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.67.

Insider Activity at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now owns 651,931 shares of the company's stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares of the company's stock, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares of the company's stock, valued at $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold a total of 145,689 shares of company stock worth $12,838,617 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Up 0.7 %

Arch Capital Group stock traded up $0.72 during trading on Wednesday, hitting $98.93. The company had a trading volume of 1,321,427 shares, compared to its average volume of 1,719,837. The company's 50 day simple moving average is $91.57 and its 200-day simple moving average is $84.95. The stock has a market cap of $37.11 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $99.70.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company's revenue was up 19.3% compared to the same quarter last year. As a group, analysts expect that Arch Capital Group Ltd. will post 8.43 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.