Kestra Advisory Services LLC Has $1.18 Million Holdings in Arch Capital Group Ltd. $ACGL

Kestra Advisory Services LLC decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,285 shares of the insurance provider’s stock after selling 7,688 shares during the quarter. Kestra Advisory Services LLC’s holdings in Arch Capital Group were worth $1,179,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in Arch Capital Group during the 4th quarter worth about $27,000. WealthCollab LLC increased its stake in shares of Arch Capital Group by 410.3% in the third 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 position in shares of Arch Capital Group during the third quarter worth about $28,000. TD Waterhouse Canada Inc. raised its position in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its stake in shares of Arch Capital Group by 390.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 258 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Down 1.9%

Shares of ACGL stock opened at $98.63 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $105.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a 50 day simple moving average of $95.48 and a two-hundred day simple moving average of $95.72. The company has a market cap of $34.46 billion, a P/E ratio of 7.58, a PEG ratio of 5.01 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. Research analysts forecast that Arch Capital Group Ltd. will post 9.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ACGL shares. Keefe, Bruyette & Woods reduced their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Barclays boosted 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. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Mizuho lifted their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Atlantic Securities set a $126.00 target price on shares of Arch Capital Group in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.82.

Arch Capital Group 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.