Kestra Private Wealth Services LLC Purchases 7,022 Shares of Arch Capital Group Ltd. $ACGL

Kestra Private Wealth Services LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 309.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,289 shares of the insurance provider’s stock after acquiring an additional 7,022 shares during the period. Kestra Private Wealth Services LLC’s holdings in Arch Capital Group were worth $891,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ACGL. Cooke & Bieler LP bought a new stake in shares of Arch Capital Group in the 3rd quarter worth $210,856,000. First Trust Advisors LP lifted its holdings in shares of Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Arch Capital Group by 289.1% during the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after buying an additional 1,016,919 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Arch Capital Group by 112.4% during the third quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider’s stock valued at $171,953,000 after buying an additional 1,003,004 shares during the last quarter. Finally, UBS Group AG increased its holdings in Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after buying an additional 987,398 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

ACGL stock opened at $93.82 on Monday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.39. The business’s 50-day moving average is $96.37 and its two-hundred day moving average is $94.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 0.55. The company has a market cap of $33.43 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 5.12 and a beta of 0.35.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. As a group, analysts forecast that Arch Capital Group Ltd. will post 9.35 earnings per share for the current year.

Analyst Ratings Changes

ACGL has been the subject of a number of recent analyst reports. Barclays boosted their target price on 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. Citigroup lifted their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. dropped their target price 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 investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.61.

Get Our Latest Stock Report on Arch Capital Group

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the sale, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is owned by corporate insiders.

Key Stories Impacting Arch Capital Group

Here are the key news stories impacting Arch Capital Group this week:

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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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