JT Stratford LLC Reduces Stake in Arch Capital Group Ltd. $ACGL

JT Stratford LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 41.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,028 shares of the insurance provider’s stock after selling 7,822 shares during the quarter. JT Stratford LLC’s holdings in Arch Capital Group were worth $1,001,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its stake in shares of Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the last quarter. Crescent Grove Advisors LLC raised its holdings in Arch Capital Group by 3.1% in the second quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares in the last quarter. TIAA Trust National Association grew its holdings in Arch Capital Group by 3.1% in the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Arch Capital Group by 4.4% in the second quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after buying an additional 127 shares during the last quarter. Finally, Compound Planning Inc. grew its position in Arch Capital Group by 5.0% during the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock worth $240,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 1.4%

Shares of NASDAQ ACGL opened at $97.07 on Friday. The business has a 50-day moving average of $96.27 and a two-hundred day moving average of $92.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $34.54 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 3.96 and a beta of 0.40. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the previous year, the business earned $2.26 EPS. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACGL. Wells Fargo & Company increased their price target on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada raised their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Barclays set a $104.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Mizuho raised their price target on shares of Arch Capital Group from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Arch Capital Group has an average rating of “Hold” and an average target price of $109.20.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 8,800 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the completion of the transaction, the insider directly owned 289,556 shares in the company, valued at $27,267,488.52. This represents a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the sale, the insider directly owned 433,589 shares in the company, valued at approximately $41,676,574.68. This trade represents a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 260,096 shares of company stock valued at $24,530,685. Company insiders own 4.20% of the company’s stock.

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.