Arch Capital Group Ltd. $ACGL Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 70.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 485,292 shares of the insurance provider’s stock after purchasing an additional 200,082 shares during the quarter. SG Americas Securities LLC’s holdings in Arch Capital Group were worth $46,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at $27,000. WealthCollab LLC raised its holdings in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth $28,000. Grove Bank & Trust acquired a new stake in Arch Capital Group during the fourth quarter valued at $30,000. Finally, Aventura Private Wealth LLC acquired a new stake in Arch Capital Group during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $92.04 on Tuesday. The firm has a fifty day simple moving average of $93.78 and a 200-day simple moving average of $94.97. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The stock has a market capitalization of $32.16 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 4.56 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 9.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on ACGL shares. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 5th. Citigroup raised their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays lifted their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Mizuho lowered their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and a consensus price target of $106.81.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group 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.