Schwartz Investment Counsel Inc. Grows Stock Position in Arch Capital Group Ltd. $ACGL

Schwartz Investment Counsel Inc. increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 30.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,000 shares of the insurance provider’s stock after purchasing an additional 30,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Arch Capital Group were worth $12,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACGL. Elyxium Wealth LLC purchased a new position in Arch Capital Group during the 4th quarter worth $27,000. WealthCollab LLC increased its stake in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Arch Capital Group during the third quarter worth about $28,000. Aventura Private Wealth LLC purchased a new position in Arch Capital Group during the fourth quarter worth about $30,000. Finally, Grove Bank & Trust purchased a new position in Arch Capital Group during the fourth quarter worth about $30,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 2.0%

Shares of Arch Capital Group stock opened at $103.06 on Tuesday. The company has a 50-day moving average of $94.61 and a two-hundred day moving average of $95.52. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $105.09. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a market cap of $36.01 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, research analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ACGL. Mizuho lifted their price objective on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company lifted their price target on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods dropped their price objective on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Citigroup increased their price objective on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.12.

Insiders Place Their Bets

In other news, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Profile

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.