SkyView Investment Advisors LLC Has $2.89 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

SkyView Investment Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% in the second quarter, Holdings Channel reports. The fund owned 28,613 shares of the insurance provider’s stock after acquiring an additional 2,115 shares during the period. Arch Capital Group accounts for 0.5% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. SkyView Investment Advisors LLC’s holdings in Arch Capital Group were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. acquired a new position in shares of Arch Capital Group during the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA boosted its position in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 104 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group in the fourth quarter worth $33,000. Rothschild Investment LLC bought a new position in Arch Capital Group during the second quarter worth $35,000. Finally, LRI Investments LLC acquired a new position in Arch Capital Group during the 1st quarter valued at $38,000. 89.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACGL. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Barclays assumed coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen upped their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Bank of America decreased their price target on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Arch Capital Group Trading Up 0.7 %

Shares of ACGL stock opened at $113.41 on Friday. The company has a market capitalization of $42.58 billion, a P/E ratio of 8.95, a P/E/G ratio of 2.05 and a beta of 0.60. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $105.74 and a 200 day moving average price of $99.82.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

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.