Conscious Wealth Investments LLC Acquires 150 Shares of Arch Capital Group Ltd. $ACGL

Conscious Wealth Investments LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,442 shares of the insurance provider’s stock after purchasing an additional 150 shares during the period. Arch Capital Group comprises about 2.3% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 21st biggest position. Conscious Wealth Investments LLC’s holdings in Arch Capital Group were worth $3,569,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Arch Capital Group by 13.5% during the 1st quarter. GAMMA Investing LLC now owns 8,382 shares of the insurance provider’s stock worth $806,000 after purchasing an additional 998 shares in the last quarter. Golden State Wealth Management LLC grew its holdings 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 acquiring an additional 511 shares in the last quarter. Diversified Trust Co bought a new position in Arch Capital Group in the first quarter valued at approximately $435,000. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group in the first quarter valued at approximately $27,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Arch Capital Group by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock worth $4,924,000 after acquiring an additional 6,406 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $85.94 on Tuesday. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $106.63. The company’s 50 day moving average price is $90.33 and its two-hundred day moving average price is $90.76. 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 $32.07 billion, a P/E ratio of 8.87, a P/E/G ratio of 5.05 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research began coverage on Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. UBS Group reaffirmed a “buy” rating and issued a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Citigroup began coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a “buy” rating and a $113.00 price target for the company. Finally, Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $108.71.

Insider Activity

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

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.