D.A. Davidson & CO. Increases Stake in Arch Capital Group Ltd. $ACGL

D.A. Davidson & CO. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,128 shares of the insurance provider’s stock after buying an additional 7,576 shares during the period. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $4,837,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Arch Capital Group by 13.5% in the 1st quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider’s stock valued at $806,000 after purchasing an additional 998 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Arch Capital Group by 0.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 62,844 shares of the insurance provider’s stock valued at $6,044,000 after purchasing an additional 240 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Arch Capital Group by 6.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 19,899 shares of the insurance provider’s stock valued at $1,914,000 after purchasing an additional 1,118 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Arch Capital Group by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 35,170 shares of the insurance provider’s stock valued at $3,382,000 after purchasing an additional 635 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Arch Capital Group by 111.6% in the 1st quarter. Golden State Wealth Management LLC now owns 969 shares of the insurance provider’s stock valued at $93,000 after purchasing an additional 511 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were 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. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ACGL shares. Cowen reissued a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Wolfe Research started coverage on shares of Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group set a $88.00 target price on shares of Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Finally, Barclays set a $99.00 target price on shares of Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $108.71.

Arch Capital Group Stock Down 0.4%

Shares of NASDAQ:ACGL opened at $87.15 on Friday. The stock 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. The firm has a fifty day moving average price of $90.42 and a 200 day moving average price of $90.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $107.19.

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

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.