HBK Sorce Advisory LLC Purchases Shares of 2,238 Arch Capital Group Ltd. (NASDAQ:ACGL)

HBK Sorce Advisory LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,238 shares of the insurance provider’s stock, valued at approximately $226,000.

Several other large investors have also recently modified their holdings of ACGL. Janney Montgomery Scott LLC grew its holdings in Arch Capital Group by 19.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after purchasing an additional 14,233 shares during the last quarter. Gladstone Capital Management LLP grew its stake in Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after buying an additional 478,570 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in 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. State Board of Administration of Florida Retirement System raised its stake in Arch Capital Group by 5.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after buying an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp boosted its holdings in Arch Capital Group by 42.2% in the first quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock worth $5,045,000 after acquiring an additional 16,208 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

Shares of Arch Capital Group stock opened at $112.02 on Monday. The firm has a 50-day simple moving average of $102.58 and a two-hundred day simple moving average of $98.14. 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 Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $114.65. The company has a market cap of $42.06 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.99 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last issued 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 company 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%. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barclays assumed coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Roth Mkm boosted their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Royal Bank of Canada raised their target price on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Evercore ISI boosted their price target on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.93.

Insider Buying and Selling

In other 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 in the company, valued at $22,723,476.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.

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.