Tred Avon Family Wealth LLC Buys 6,500 Shares of Arch Capital Group Ltd. $ACGL

Tred Avon Family Wealth LLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 71.1% during the first quarter, HoldingsChannel.com reports. The fund owned 15,642 shares of the insurance provider’s stock after purchasing an additional 6,500 shares during the period. Tred Avon Family Wealth LLC’s holdings in Arch Capital Group were worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $463,208,000. Morgan Stanley raised its stake in Arch Capital Group by 0.8% during the 4th quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after buying an additional 33,132 shares during the period. Goldman Sachs Group Inc. raised its stake in Arch Capital Group by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock worth $282,962,000 after buying an additional 160,326 shares during the period. Legal & General Group Plc lifted its holdings in Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after acquiring an additional 121,090 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $97.54 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $34.08 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 4.88 and a beta of 0.32. The stock’s 50-day moving average is $93.65 and its 200-day moving average is $95.06. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data 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 during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Equities analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were 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. This trade represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a 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 that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ACGL shares. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Citigroup lifted their price objective on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho lowered their target price 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. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.81.

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.