Blue Trust Inc. Increases Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Blue Trust Inc. increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,697 shares of the insurance provider’s stock after buying an additional 166 shares during the quarter. Blue Trust Inc.’s holdings in Arch Capital Group were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Wealthspire Advisors LLC grew its stake in Arch Capital Group by 54.6% during the 4th quarter. Wealthspire Advisors LLC now owns 10,800 shares of the insurance provider’s stock worth $997,000 after buying an additional 3,816 shares during the last quarter. Howard Capital Management Inc. purchased a new position in Arch Capital Group during the 4th quarter worth $206,000. Y Intercept Hong Kong Ltd purchased a new position in Arch Capital Group during the 4th quarter worth $699,000. IFP Advisors Inc grew its stake in Arch Capital Group by 24.3% during the 4th quarter. IFP Advisors Inc now owns 1,740 shares of the insurance provider’s stock worth $163,000 after buying an additional 340 shares during the last quarter. Finally, Millington Financial Advisors LLC grew its stake in Arch Capital Group by 13.6% during the 4th quarter. Millington Financial Advisors LLC now owns 18,058 shares of the insurance provider’s stock valued at $1,681,000 after purchasing an additional 2,168 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares of the company’s stock, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,976 shares of company stock worth $10,531,038. Corporate insiders own 4.10% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $90.97 on Wednesday. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 6.30 and a beta of 0.53. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $92.54 and a 200 day moving average of $92.27.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACGL has been the topic of several research analyst reports. Barclays dropped their price target on Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. JMP Securities reiterated a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Jefferies Financial Group downgraded Arch Capital Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average target price of $114.63.

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.