RFG Bristol Wealth Advisors LLC Has $336,000 Stake in Arch Capital Group Ltd. $ACGL

RFG Bristol Wealth Advisors LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 66.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,700 shares of the insurance provider’s stock after selling 7,185 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Arch Capital Group were worth $336,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted 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 worth $39,000 after acquiring an additional 414 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 112 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Arch Capital Group during the second quarter worth $73,000. Finally, CYBER HORNET ETFs LLC bought a new position in Arch Capital Group during the second quarter worth $87,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.6%

NASDAQ ACGL opened at $94.44 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $97.60. The business has a 50 day moving average price of $92.50 and a 200-day moving average price of $90.71. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 2.12 and a beta of 0.45.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $1.01. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter last year, the firm posted $1.99 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. This represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John M. Pasquesi sold 8,800 shares of Arch Capital Group stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the transaction, the insider owned 289,556 shares of the company’s stock, valued at $27,267,488.52. This trade represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 220,666 shares of company stock valued at $20,728,673. 4.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. Roth Capital set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Mizuho set a $95.00 target price on Arch Capital Group and gave the company a “neutral” rating in a research report on Monday, December 15th. Wolfe Research started coverage on Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the company an “outperform” rating in a research note on Monday, November 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $106.00.

Arch Capital Group Profile

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.