Federated Investors Inc. PA Sells 9,585 Shares of Arch Capital Group Ltd. (ACGL)
Federated Investors Inc. PA lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,000 shares of the insurance provider’s stock after selling 9,585 shares during the period. Federated Investors Inc. PA’s holdings in Arch Capital Group were worth $1,773,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in shares of Arch Capital Group by 75.5% in the first quarter. Proficio Capital Partners LLC now owns 1,095 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 471 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Arch Capital Group by 26.5% in the first quarter. Toronto Dominion Bank now owns 1,343 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 281 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Arch Capital Group by 13.1% in the first quarter. Parallel Advisors LLC now owns 1,350 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 156 shares in the last quarter. Crow Point Partners LLC purchased a new stake in shares of Arch Capital Group in the second quarter valued at $174,000. Finally, Atria Investments LLC purchased a new stake in shares of Arch Capital Group in the second quarter valued at $203,000. Institutional investors own 76.92% of the company’s stock.
A number of analysts have recently issued reports on ACGL shares. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 target price on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $94.14.
Shares of Arch Capital Group Ltd. (ACGL) opened at 94.32 on Monday. Arch Capital Group Ltd. has a one year low of $76.47 and a one year high of $99.47. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 17.16 and a beta of 0.67. The company’s 50 day moving average price is $96.74 and its 200 day moving average price is $95.50.
Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The firm’s revenue was up 22.0% on a year-over-year basis. On average, analysts expect that Arch Capital Group Ltd. will post $5.32 earnings per share for the current fiscal year.
In other news, SVP W Preston Hutchings sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total value of $1,210,125.00. Following the completion of the transaction, the senior vice president now owns 39,411 shares of the company’s stock, valued at approximately $3,815,378.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Constantine Iordanou sold 50,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,901 shares of the company’s stock, valued at approximately $16,825,669.88. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.
Arch Capital Group Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
Receive News & Stock Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related stocks with our FREE daily email newsletter.