Mount Yale Investment Advisors LLC Sells 7,619 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mount Yale Investment Advisors LLC lessened its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 26.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,620 shares of the insurance provider’s stock after selling 7,619 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Arch Capital Group were worth $2,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ACGL. Dynamic Technology Lab Private Ltd bought a new position in Arch Capital Group during the fourth quarter worth $285,000. Cambridge Investment Research Advisors Inc. grew its holdings in Arch Capital Group by 5.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 49,588 shares of the insurance provider’s stock worth $3,683,000 after purchasing an additional 2,551 shares during the period. US Bancorp DE grew its holdings in Arch Capital Group by 44.5% in the fourth quarter. US Bancorp DE now owns 82,108 shares of the insurance provider’s stock worth $6,098,000 after purchasing an additional 25,273 shares during the period. TCW Group Inc. grew its holdings in Arch Capital Group by 10.9% in the fourth quarter. TCW Group Inc. now owns 48,302 shares of the insurance provider’s stock worth $3,586,000 after purchasing an additional 4,744 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in Arch Capital Group by 3.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 9,613 shares of the insurance provider’s stock worth $741,000 after purchasing an additional 296 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research reports. Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Roth Mkm raised their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Barclays initiated coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Arch Capital Group Stock Up 1.6 %

Arch Capital Group stock opened at $113.24 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $114.69. The stock has a market cap of $42.59 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. The firm’s 50-day simple moving average is $104.15 and its 200 day simple moving average is $98.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Research analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.