Arch Capital Group Ltd. $ACGL Holdings Trimmed by JT Stratford LLC

JT Stratford LLC lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 41.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,028 shares of the insurance provider’s stock after selling 7,822 shares during the quarter. JT Stratford LLC’s holdings in Arch Capital Group were worth $1,001,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ACGL. Geneos Wealth Management Inc. raised its holdings in Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after buying an additional 412 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Arch Capital Group during the second quarter worth about $253,000. TIAA Trust National Association grew its holdings in shares of Arch Capital Group by 3.1% during the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares in the last quarter. Bank of Montreal Can increased its holdings in Arch Capital Group by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 463,933 shares of the insurance provider’s stock valued at $42,241,000 after buying an additional 22,086 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Arch Capital Group by 10.8% during the 2nd quarter. Huntington National Bank now owns 2,789 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 271 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 1.4%

Shares of ACGL stock opened at $97.07 on Friday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The stock has a market cap of $34.54 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 3.96 and a beta of 0.40. The firm’s 50-day moving average is $96.27 and its 200-day moving average is $92.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same quarter in the previous year, the company posted $2.26 earnings per share. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $104.00 price objective (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Royal Bank Of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Morgan Stanley set a $125.00 target price on Arch Capital Group in a report on Friday, January 16th. Finally, Roth Mkm set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $109.20.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 47,430 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the sale, the insider owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John M. Pasquesi sold 8,800 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $94.17, for a total transaction of $828,696.00. Following the transaction, the insider directly owned 289,556 shares of the company’s stock, valued at $27,267,488.52. The trade was a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 260,096 shares of company stock worth $24,530,685 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

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.