TFB Advisors LLC Buys 911 Shares of Arch Capital Group Ltd. $ACGL

TFB Advisors LLC lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.0% during the 2nd quarter, Holdings Channel reports. The firm owned 6,607 shares of the insurance provider’s stock after acquiring an additional 911 shares during the period. TFB Advisors LLC’s holdings in Arch Capital Group were worth $602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Harbour Investments Inc. boosted its position in shares of Arch Capital Group by 8.4% in the 1st 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 last quarter. Resonant Capital Advisors LLC raised its stake in Arch Capital Group by 1.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock worth $642,000 after buying an additional 113 shares during the period. Venturi Wealth Management LLC raised 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 buying an additional 115 shares during the period. Hemington Wealth Management raised its stake in 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 buying an additional 119 shares during the period. Finally, Horizon Advisory Services Inc. raised its stake in Arch Capital Group by 4.2% during the 1st quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock worth $288,000 after buying an additional 120 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Monday, August 4th. The Goldman Sachs Group set a $88.00 price objective on Arch Capital Group and gave the stock a “sell” rating in a research note on Tuesday, October 14th. Citigroup assumed coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $113.00 price objective on the stock. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays set a $99.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.71.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction dated 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 directly owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $87.88 on Thursday. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 5.08 and a beta of 0.47. The stock’s 50-day moving average is $90.57 and its 200-day moving average is $90.75. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $107.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period in the previous year, the company posted $2.57 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.