Goldman Sachs Group Inc. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,949,978 shares of the insurance provider’s stock after purchasing an additional 160,326 shares during the period. Goldman Sachs Group Inc.’s holdings in Arch Capital Group were worth $282,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Daymark Wealth Partners LLC grew its holdings in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 106 shares during the last quarter. Keel Point LLC grew its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 112 shares during the last quarter. Legacy Advisors LLC grew its holdings in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after purchasing an additional 112 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Arch Capital Group by 5.0% in the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock worth $240,000 after purchasing an additional 127 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Arch Capital Group by 72.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.
Arch Capital Group Stock Up 3.2%
Shares of NASDAQ:ACGL opened at $91.19 on Friday. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company’s 50-day moving average price is $94.86 and its two-hundred day moving average price is $95.04. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a market cap of $31.86 billion, a P/E ratio of 7.00, a P/E/G ratio of 4.85 and a beta of 0.32.
Insider Activity at Arch Capital Group
In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider owned 336,559 shares in the company, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 35,837 shares of company stock worth $2,825,926 in the last quarter. Insiders own 3.30% of the company’s stock.
Analysts Set New Price Targets
ACGL has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Weiss Ratings lowered shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has an average rating of “Hold” and a consensus price target of $106.32.
View Our Latest Stock Analysis on Arch Capital Group
Arch Capital Group Company Profile
Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.
Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.
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