Tred Avon Family Wealth LLC Purchases New Position in Arch Capital Group Ltd. $ACGL

Tred Avon Family Wealth LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,151 shares of the insurance provider’s stock, valued at approximately $830,000.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in Arch Capital Group in the 3rd quarter valued at $37,000. Richardson Financial Services Inc. boosted its position in shares of Arch Capital Group by 63.3% in the third quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 162 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after buying an additional 412 shares during the period. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In related news, insider John M. Pasquesi sold 203,866 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares in the company, valued at $32,992,328.40. This trade represents a 36.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer directly owned 266,681 shares in the company, valued at $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 220,666 shares of company stock valued at $20,728,673. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Roth Capital set a $110.00 price objective on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Mizuho set a $95.00 price objective on shares of Arch Capital Group and gave the company a “neutral” rating in a research report on Monday, December 15th. Evercore ISI set a $100.00 target price on Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley set a $125.00 price target on Arch Capital Group in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and a consensus target price of $107.53.

Arch Capital Group Stock Down 0.3%

Shares of NASDAQ:ACGL opened at $90.65 on Friday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $97.60. The company has a market capitalization of $32.87 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55. The company has a fifty day moving average of $93.62 and a 200-day moving average of $90.87.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share 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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the company posted $1.99 EPS. On average, equities 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. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.