Janney Montgomery Scott LLC Has $15.38 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Janney Montgomery Scott LLC lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,427 shares of the insurance provider’s stock after selling 5,927 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Arch Capital Group were worth $15,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACGL. State Board of Administration of Florida Retirement System raised its position in shares of Arch Capital Group by 5.2% in the 1st 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 acquiring an additional 21,332 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Arch Capital Group by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock worth $2,106,000 after purchasing an additional 519 shares during the period. Cetera Advisors LLC boosted its position in shares of Arch Capital Group by 70.9% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after purchasing an additional 5,684 shares in the last quarter. Swedbank AB acquired a new position in shares of Arch Capital Group in the 1st quarter valued at $25,060,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock valued at $97,299,000 after buying an additional 7,109 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Cowen boosted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JMP Securities increased their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays began coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.87.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $96.50 on Wednesday. The company has a fifty day moving average price of $110.14 and a two-hundred day moving average price of $102.90. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The stock has a market cap of $36.29 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter last year, the company posted $2.31 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 9.09 EPS 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.