Steph & Co. Buys 241 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Steph & Co. boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,488 shares of the insurance provider’s stock after buying an additional 241 shares during the quarter. Steph & Co.’s holdings in Arch Capital Group were worth $333,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Balentine LLC grew its position in Arch Capital Group by 2.6% during the second quarter. Balentine LLC now owns 5,298 shares of the insurance provider’s stock valued at $397,000 after buying an additional 133 shares during the period. Harbor Capital Advisors Inc. grew its position in Arch Capital Group by 2.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,448 shares of the insurance provider’s stock valued at $405,000 after buying an additional 144 shares during the period. Signaturefd LLC grew its position in Arch Capital Group by 6.8% during the third quarter. Signaturefd LLC now owns 2,292 shares of the insurance provider’s stock valued at $183,000 after buying an additional 146 shares during the period. SRS Capital Advisors Inc. boosted its position in Arch Capital Group by 15.2% during the third quarter. SRS Capital Advisors Inc. now owns 1,107 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 146 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in Arch Capital Group by 2.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,985 shares of the insurance provider’s stock worth $519,000 after purchasing an additional 149 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of Arch Capital Group in a research report on Monday. Evercore ISI increased their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.23.

Insider Activity at Arch Capital Group

In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock valued at $11,872,217 over the last three months. 4.00% of the stock is owned by corporate insiders.

Arch Capital Group Price Performance

ACGL traded down $0.23 on Wednesday, reaching $90.63. The company had a trading volume of 1,015,857 shares, compared to its average volume of 1,726,712. The business has a 50 day simple moving average of $89.07 and a 200 day simple moving average of $83.79. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a 52-week low of $69.05 and a 52-week high of $95.01.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same period last year, the firm posted $2.14 earnings per share. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.02 EPS for the current year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.