Arch Capital Group Ltd. $ACGL Shares Bought by Millington Financial Advisors LLC

Millington Financial Advisors LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,542 shares of the insurance provider’s stock after acquiring an additional 2,147 shares during the period. Millington Financial Advisors LLC’s holdings in Arch Capital Group were worth $1,909,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACGL. Zions Bancorporation National Association UT purchased a new position in Arch Capital Group in the first quarter valued at about $37,000. Caitong International Asset Management Co. Ltd increased its stake in Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 414 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the last quarter. Hemington Wealth Management grew its position in Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 119 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 3.5%

Shares of Arch Capital Group stock opened at $91.12 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $101.28. The firm’s 50-day moving average price is $89.91 and its two-hundred day moving average price is $90.40. The company has a quick ratio of 0.56, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $33.04 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 3.24 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the business posted $1.99 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ACGL shares. Cowen reissued a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wolfe Research initiated coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. UBS Group reissued a “buy” rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.58.

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.