Focus Partners Advisor Solutions LLC Buys 757 Shares of Arch Capital Group Ltd. $ACGL

Focus Partners Advisor Solutions LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 27.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,493 shares of the insurance provider’s stock after acquiring an additional 757 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Arch Capital Group were worth $318,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Arch Capital Group during the first quarter worth about $399,651,000. JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 30.5% during the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider’s stock worth $718,522,000 after buying an additional 1,743,945 shares during the period. GQG Partners LLC acquired a new position in shares of Arch Capital Group during the first quarter worth about $71,769,000. Champlain Investment Partners LLC acquired a new position in shares of Arch Capital Group during the first quarter worth about $48,040,000. Finally, Amundi boosted its position in shares of Arch Capital Group by 32.3% during the first quarter. Amundi now owns 1,683,211 shares of the insurance provider’s stock worth $162,060,000 after buying an additional 410,825 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.4%

Arch Capital Group stock opened at $86.31 on Friday. The firm has a market capitalization of $32.21 billion, a PE ratio of 8.07, a P/E/G ratio of 3.24 and a beta of 0.47. The company’s 50-day moving average is $89.77 and its 200-day moving average is $90.60. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $103.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.56.

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

Analyst Ratings Changes

ACGL has been the subject of several recent research reports. Wolfe Research initiated coverage on Arch Capital Group in a research report on Monday, September 15th. They set a “peer perform” rating for the company. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the stock a “sell” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 price objective on shares of Arch Capital Group in a research report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating and set a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Hold” and an average target price of $108.64.

Insider Transactions at Arch Capital Group

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

About Arch Capital Group

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.