Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 6,468 Shares of Arch Capital Group Ltd. $ACGL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,882 shares of the insurance provider’s stock after selling 6,468 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Arch Capital Group were worth $4,500,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new position in Arch Capital Group in the fourth quarter worth $27,000. WealthCollab LLC increased its holdings in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC bought a new stake in Arch Capital Group in the 3rd quarter valued at $28,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $30,000. Finally, Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $30,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Get Arch Capital Group alerts:

Insider Activity

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the transaction, the director owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The disclosure for this sale is available in the SEC filing. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ACGL. Mizuho lifted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Barclays increased their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company raised their price target on shares of Arch Capital Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.12.

View Our Latest Research Report on Arch Capital Group

Arch Capital Group Trading Down 1.5%

ACGL stock opened at $101.53 on Wednesday. The business has a fifty day moving average price of $94.76 and a 200 day moving average price of $95.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. The stock has a market capitalization of $35.47 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 5.13 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The company had revenue of $4.52 billion for the quarter. Analysts expect that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Arch Capital Group Profile

(Free Report)

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.

Read More

• Five stocks we like better than Arch Capital Group
• Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
• 3 Overlooked Energy ETFs Delivering Strong Returns and Income
• 3 Space Stocks That Could Outshine SpaceX After Its IPO
• JPMorgan’s Q2 Strength Gives the Stock Rally New Support

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report).

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.