Marshall Financial Group LLC Takes $854,000 Position in Arch Capital Group Ltd. $ACGL

Marshall Financial Group LLC purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,907 shares of the insurance provider’s stock, valued at approximately $854,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. grew its stake in Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 112 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in shares of Arch Capital Group by 3.1% during the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 112 shares in the last quarter. Keel Point LLC lifted its holdings in shares of Arch Capital Group by 4.6% during the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after buying an additional 112 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Arch Capital Group by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock valued at $275,000 after buying an additional 127 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in shares of Arch Capital Group by 5.0% in the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock valued at $240,000 after buying an additional 127 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.5%

ACGL opened at $93.66 on Tuesday. The business has a 50 day moving average price of $96.02 and a 200 day moving average price of $93.10. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $33.32 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider David Gansberg sold 5,907 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the completion of the sale, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Maamoun Rajeh sold 47,430 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 78,267 shares of company stock valued at $7,291,637. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACGL shares. Wells Fargo & Company increased their price objective on Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Royal Bank Of Canada increased their price target on shares of Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Finally, Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Nine research 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. Based on data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $109.20.

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.