Arch Capital Group Ltd. $ACGL Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1,045.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 61,819 shares of the insurance provider’s stock after purchasing an additional 56,422 shares during the quarter. Waverly Advisors LLC’s holdings in Arch Capital Group were worth $5,934,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $27,000. WealthCollab LLC raised its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter valued at approximately $28,000. TD Waterhouse Canada Inc. lifted its stake in 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 purchasing an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its stake in Arch Capital Group by 390.9% during the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction dated 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 owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s 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 SEC filing for this sale provides additional information. Company insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Up 2.5%

Shares of NASDAQ ACGL opened at $106.48 on Wednesday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $107.09. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 5.17 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $96.17 and its 200 day simple moving average is $95.97.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.During the same period in the prior year, the business earned $2.58 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ACGL shares. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods dropped their target price on shares of 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. Atlantic Securities set a $126.00 price target on shares of Arch Capital Group in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Mizuho boosted their price objective on shares of Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and an average price target of $109.82.

Arch Capital Group Company 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.