Wealth Enhancement Advisory Services LLC Has $7.55 Million Stock Position in Arch Capital Group Ltd. $ACGL

Wealth Enhancement Advisory Services LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 28.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,357 shares of the insurance provider’s stock after acquiring an additional 17,684 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Arch Capital Group were worth $7,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC lifted its position in shares of Arch Capital Group by 1.3% during the 3rd quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after buying an additional 171,693 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Arch Capital Group by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after purchasing an additional 360,626 shares in the last quarter. Norges Bank bought a new position in Arch Capital Group in the 2nd quarter valued at $441,551,000. Invesco Ltd. boosted its holdings in Arch Capital Group by 2.3% in the second quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock valued at $372,168,000 after acquiring an additional 90,824 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after buying an additional 2,279,147 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Price Performance

ACGL opened at $93.42 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a fifty day simple moving average of $96.24 and a 200 day simple moving average of $93.16. The stock has a market cap of $33.28 billion, a P/E ratio of 8.04, a P/E/G ratio of 3.80 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the business posted $2.26 EPS. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the sale, the insider owned 433,589 shares of the company’s stock, valued at $41,676,574.68. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the transaction, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 78,267 shares of company stock worth $7,291,637. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACGL shares. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a report on Friday, January 16th. Evercore set a $100.00 target price on shares of Arch Capital Group and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Barclays set a $104.00 target price on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Wells Fargo & Company increased their target price on Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, UBS Group reaffirmed a “buy” rating and issued a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.20.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.