32,773 Shares in Arch Capital Group Ltd. $ACGL Acquired by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,773 shares of the insurance provider’s stock, valued at approximately $3,181,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACGL. Norges Bank purchased a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $463,208,000. Madison Asset Management LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter worth $368,808,000. First Trust Advisors LP lifted its position in shares of Arch Capital Group by 319.5% during the 1st quarter. First Trust Advisors LP now owns 2,626,148 shares of the insurance provider’s stock worth $252,084,000 after purchasing an additional 2,000,162 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of 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 purchasing an additional 1,730,487 shares in the last quarter. Finally, Fiduciary Management Inc. WI acquired a new position in shares of Arch Capital Group during the fourth quarter worth $106,683,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total value of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares in the company, valued at approximately $18,356,918.32. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Mizuho increased their price objective on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods decreased their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research note on Wednesday, July 8th. Cantor Fitzgerald upped their price target on Arch Capital Group from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average price target of $111.11.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $98.21 on Thursday. The stock’s 50-day moving average is $100.04 and its two-hundred day moving average is $96.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 4.86 and a beta of 0.30.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same period in the previous year, the business earned $2.58 EPS. Analysts predict that Arch Capital Group Ltd. will post 9.44 earnings per share for the current year.

About Arch Capital Group

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.