Millington Financial Advisors LLC Boosts Stock Position in Arch Capital Group Ltd. $ACGL

Millington Financial Advisors LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.1% in the 2nd quarter, Holdings Channel reports. The firm owned 21,542 shares of the insurance provider’s stock after buying an additional 2,147 shares during the quarter. Millington Financial Advisors LLC’s holdings in Arch Capital Group were worth $1,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ACGL. Harbour Investments Inc. lifted its stake in Arch Capital Group by 8.4% in 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 last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of Arch Capital Group by 3.1% during the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares during the period. Hemington Wealth Management raised its position in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 119 shares during the last quarter. Finally, Park National Corp OH lifted its position in shares of Arch Capital Group by 4.4% in the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 120 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ACGL. Royal Bank Of Canada set a $108.00 target price on Arch Capital Group and gave the stock an “outperform” rating in a report on Monday, November 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a report on Tuesday, October 28th. Wells Fargo & Company reduced their price target on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $106.58.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $91.12 on Friday. The stock has a fifty day simple moving average of $89.91 and a two-hundred day simple moving average of $90.40. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $101.28. 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 for the quarter, topping the consensus estimate of $1.76 by $1.01. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period last year, the firm earned $1.99 EPS. On average, analysts predict that Arch Capital Group Ltd. will post 8.42 EPS 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.