Arch Capital Group Ltd. $ACGL Stock Holdings Trimmed by Madison Asset Management LLC

Madison Asset Management LLC decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,076,446 shares of the insurance provider’s stock after selling 255,985 shares during the quarter. Arch Capital Group makes up 4.9% of Madison Asset Management LLC’s portfolio, making the stock its biggest position. Madison Asset Management LLC’s holdings in Arch Capital Group were worth $391,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the period. Sivia Capital Partners LLC bought a new stake in Arch Capital Group during the second quarter worth about $253,000. CW Advisors LLC grew its holdings in Arch Capital Group by 6.5% in the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the period. Jump Financial LLC purchased a new stake in Arch Capital Group in the second quarter worth about $667,000. Finally, Cerity Partners LLC increased its stake in shares of Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The stock was 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. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Up 0.5%

Shares of NASDAQ ACGL opened at $101.83 on Tuesday. The firm’s 50 day moving average price is $95.25 and its 200-day moving average price is $95.66. The company has a market cap of $35.58 billion, a PE ratio of 7.82, a P/E/G ratio of 5.04 and a beta of 0.31. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $105.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm 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, equities research analysts expect that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a report on Thursday, July 9th. Barclays raised their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company lifted their price objective on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. UBS Group reissued a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Finally, Mizuho increased their target price on Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $109.82.

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.