180 Wealth Advisors LLC Sells 893 Shares of Arch Capital Group Ltd. $ACGL

180 Wealth Advisors LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,594 shares of the insurance provider’s stock after selling 893 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Arch Capital Group were worth $1,329,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 1st quarter worth approximately $27,000. Wayfinding Financial LLC purchased a new position in shares of Arch Capital Group during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group in the 1st quarter worth approximately $37,000. Finally, Hemington Wealth Management boosted its stake in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup began coverage on Arch Capital Group in a report on Wednesday, August 13th. They set a “buy” rating and a $113.00 price target on the stock. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Wells Fargo & Company lifted their price target on Arch Capital Group from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Barclays set a $99.00 price target on Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.71.

Insider Activity

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Down 0.5%

Shares of NASDAQ ACGL opened at $87.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 5.09 and a beta of 0.47. The stock has a 50 day moving average price of $90.49 and a 200 day moving average price of $90.77. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $107.89.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $2.57 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share 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.