Benjamin F. Edwards & Company Inc. Invests $650,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,765 shares of the insurance provider’s stock, valued at approximately $650,000.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in Arch Capital Group by 112.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after acquiring an additional 1,387,072 shares during the period. Hsbc Holdings PLC grew its position in shares of Arch Capital Group by 597.9% in the third quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock valued at $113,516,000 after purchasing an additional 1,216,498 shares during the period. Assetmark Inc. increased its stake in Arch Capital Group by 316.7% in the third quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock valued at $77,955,000 after purchasing an additional 743,303 shares during the last quarter. Invesco Ltd. lifted its position in Arch Capital Group by 16.3% during the third quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after buying an additional 475,464 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $295,440,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACGL. Citigroup dropped their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. Bank of America upped their price target on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a report on Friday, February 16th. Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley lifted their target price on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Insider Buying and Selling at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Gansberg sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Insiders have sold 145,689 shares of company stock worth $12,838,617 over the last quarter. 4.00% of the stock is owned by corporate insiders.

Arch Capital Group Price Performance

ACGL stock opened at $98.21 on Wednesday. The firm has a market cap of $36.84 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The stock has a 50-day simple moving average of $91.57 and a 200-day simple moving average of $84.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. Arch Capital Group Ltd. has a 1 year low of $69.05 and a 1 year high of $98.54.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned $1.73 EPS. The company’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal 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.