Commonwealth Equity Services LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Commonwealth Equity Services LLC increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 38.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 141,134 shares of the insurance provider’s stock after buying an additional 39,368 shares during the period. Commonwealth Equity Services LLC’s holdings in Arch Capital Group were worth $14,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $309,496,000. Capital International Investors raised its stake in shares of Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after buying an additional 1,560,173 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock valued at $237,017,000 after buying an additional 1,216,080 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after acquiring an additional 693,608 shares during the period. Finally, Gladstone Capital Management LLP increased its holdings in Arch Capital Group by 52.8% in the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after acquiring an additional 478,570 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the business’s 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 completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price target on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Wells Fargo & Company lowered their price objective on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Evercore ISI lifted their price objective on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $106.50.

Arch Capital Group Stock Up 0.1 %

Shares of NASDAQ ACGL opened at $113.25 on Wednesday. The stock has a 50 day moving average price of $100.67 and a 200 day moving average price of $96.74. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.05 and a beta of 0.58. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $114.28. 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 posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Profile

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.