Arch Capital Group Ltd. $ACGL Shares Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 30,954.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,912 shares of the insurance provider’s stock after acquiring an additional 23,835 shares during the period. Ameritas Advisory Services LLC’s holdings in Arch Capital Group were worth $2,294,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. WealthCollab LLC boosted its stake in 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 purchasing an additional 238 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at approximately $28,000. Grove Bank & Trust bought a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $30,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $30,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Arch Capital Group by 72.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 1.0%

Arch Capital Group stock opened at $93.32 on Thursday. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 5.18 and a beta of 0.35. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The firm’s 50 day moving average price is $95.62 and its two-hundred day moving average price is $94.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACGL. Wells Fargo & Company boosted their price target on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $105.00 price objective on shares of Arch Capital Group in a report on Friday, May 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Weiss Ratings raised shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.32.

Insider Buying and Selling

In related news, Director Brian S. Posner sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $17.14, for a total value of $34,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director directly owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 32,837 shares of company stock valued at $2,766,946. 3.30% of the stock is currently owned by company insiders.

About Arch Capital Group

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.