CENTRAL TRUST Co Has $107,000 Stock Position in Arch Capital Group Ltd. $ACGL

CENTRAL TRUST Co lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 67.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,170 shares of the insurance provider’s stock after selling 2,480 shares during the quarter. CENTRAL TRUST Co’s holdings in Arch Capital Group were worth $107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its position in shares of Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 111 shares during the period. Venturi Wealth Management LLC increased its stake in Arch Capital Group by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider’s stock worth $1,272,000 after purchasing an additional 115 shares in the last quarter. TIAA Trust National Association raised its holdings in 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 buying an additional 116 shares during the period. Hemington Wealth Management lifted its stake in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after buying an additional 119 shares in the last quarter. Finally, Park National Corp OH boosted its holdings in shares of Arch Capital Group by 4.4% in the second quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock valued at $261,000 after buying an additional 120 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Citigroup reissued a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and an average price target of $106.75.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $92.52 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. The stock has a 50 day moving average price of $89.36 and a 200 day moving average price of $90.44. The stock has a market capitalization of $33.55 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $102.37.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the business posted $1.99 EPS. Analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company 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.