Riverview Trust Co Acquires Shares of 1,865 Arch Capital Group Ltd. (NASDAQ:ACGL)

Riverview Trust Co purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,865 shares of the insurance provider’s stock, valued at approximately $172,000.

Other large investors also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Arch Capital Group in the 4th quarter worth about $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $30,000. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $33,000. CVA Family Office LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $47,000. Finally, Quarry LP acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $60,000. 89.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a report on Tuesday, April 30th. StockNews.com raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. JMP Securities raised their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. Morgan Stanley raised their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.33.

Read Our Latest Stock Report on Arch Capital Group

Arch Capital Group Stock Down 0.4 %

NASDAQ ACGL traded down $0.37 during trading on Tuesday, reaching $102.06. The company’s stock had a trading volume of 243,856 shares, compared to its average volume of 1,723,833. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $38.32 billion, a PE ratio of 8.08, a PEG ratio of 1.75 and a beta of 0.60. The business has a 50-day moving average price of $98.31 and a 200-day moving average price of $88.88. Arch Capital Group Ltd. has a 1-year low of $70.53 and a 1-year high of $103.79.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last posted its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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