Ashton Thomas Private Wealth LLC Has $567,000 Stock Position in Arch Capital Group Ltd. $ACGL

Ashton Thomas Private Wealth LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,232 shares of the insurance provider’s stock after buying an additional 265 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Arch Capital Group were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ACGL. Meeder Asset Management Inc. lifted its position in Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group in the first quarter worth about $37,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares during the last quarter. Finally, Hemington Wealth Management lifted its position in shares of Arch Capital Group by 27.7% during 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. Institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $88.00 target price on Arch Capital Group and gave the company a “sell” rating in a report on Tuesday, October 14th. UBS Group reissued a “buy” rating and issued a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $108.64.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $86.64 on Friday. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.21. The business has a fifty day simple moving average of $89.91 and a 200 day simple moving average of $90.65. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 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.