Cwm LLC Purchases 2,778 Shares of Arch Capital Group Ltd. $ACGL

Cwm LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 254,099 shares of the insurance provider’s stock after buying an additional 2,778 shares during the quarter. Cwm LLC’s holdings in Arch Capital Group were worth $23,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its position in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group in the first quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in Arch Capital Group in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in Arch Capital Group in the first quarter valued at approximately $37,000. Finally, Grove Bank & Trust bought a new stake in Arch Capital Group in the first quarter valued at approximately $40,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $92.47 on Monday. The business’s fifty day moving average is $90.63 and its 200 day moving average is $91.03. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $34.51 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 5.47 and a beta of 0.47. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $115.06.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same quarter in the prior year, the company earned $2.57 earnings per share. Research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Cantor Fitzgerald upgraded Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Citigroup began coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price on the stock. Wells Fargo & Company boosted their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Barclays set a $99.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.31.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.

Arch Capital Group Company Profile

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.