Sequoia Financial Advisors LLC Raises Stake in Arch Capital Group Ltd. $ACGL

Sequoia Financial Advisors LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 61.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,127 shares of the insurance provider’s stock after purchasing an additional 13,426 shares during the period. Sequoia Financial Advisors LLC’s holdings in Arch Capital Group were worth $3,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Arch Capital Group by 157.9% during the first 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 in the last quarter. Sivia Capital Partners LLC bought a new position in Arch Capital Group in the 2nd quarter valued at approximately $253,000. CW Advisors LLC boosted its stake in Arch Capital Group by 6.5% during the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares during the last quarter. Jump Financial LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at $667,000. Finally, Cerity Partners LLC increased its holdings in shares of Arch Capital Group by 11.6% in the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after purchasing an additional 4,933 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.8%

Shares of NASDAQ:ACGL opened at $93.80 on Friday. The stock has a 50 day moving average of $96.12 and a 200 day moving average of $94.38. The company has a market cap of $32.77 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 5.15 and a beta of 0.35. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share 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%. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Insider Activity

In other news, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price 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 $932,803.20. This represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the transaction, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ACGL shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Mizuho lowered their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Barclays raised their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and an average price target of $106.32.

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.