Kestra Advisory Services LLC Has $1.18 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

Kestra Advisory Services LLC trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 12,285 shares of the insurance provider’s stock after selling 7,688 shares during the quarter. Kestra Advisory Services LLC’s holdings in Arch Capital Group were worth $1,179,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACGL. Norges Bank acquired a new position in Arch Capital Group in the fourth quarter valued at about $463,208,000. AQR Capital Management LLC grew its stake in Arch Capital Group by 184.1% during the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock worth $256,167,000 after buying an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI bought a new position in Arch Capital Group in the 4th quarter valued at about $106,683,000. Arrowstreet Capital Limited Partnership increased its holdings in Arch Capital Group by 572.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock valued at $121,684,000 after buying an additional 1,080,049 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Arch Capital Group by 289.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after buying an additional 1,016,919 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other news, Director Brian S. Posner sold 3,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Joseph Houston acquired 5,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is currently owned by corporate insiders.

Arch Capital Group Trading Down 1.9%

Shares of Arch Capital Group stock opened at $98.63 on Thursday. The firm’s 50 day moving average is $95.48 and its 200 day moving average is $95.72. The firm has a market capitalization of $34.46 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 5.01 and a beta of 0.31. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09. 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 (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. Equities research analysts forecast that Arch Capital Group Ltd. will post 9.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on ACGL shares. Mizuho increased their price target on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley upped their target price on Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.82.

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.