Curio Wealth LLC Grows Stake in Arch Capital Group Ltd. $ACGL

Curio Wealth LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 49,775.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,995 shares of the insurance provider’s stock after purchasing an additional 1,991 shares during the quarter. Curio Wealth LLC’s holdings in Arch Capital Group were worth $182,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in Arch Capital Group in the first quarter valued at about $27,000. Meeder Asset Management Inc. raised 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 period. Wayfinding Financial LLC purchased a new position in Arch Capital Group in the first quarter valued at about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group during the first quarter worth about $37,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 414 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the stock in a transaction dated 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 directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of several analyst reports. Cowen restated a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Wolfe Research assumed coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Wells Fargo & Company upped their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.71.

Arch Capital Group Stock Performance

ACGL stock opened at $87.15 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $107.19. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $90.42 and its 200 day simple moving average is $90.77. The firm has a market cap of $32.53 billion, a P/E ratio of 8.99, a P/E/G ratio of 5.06 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company earned $2.57 earnings per share. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group 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.