Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,470 shares of the insurance provider’s stock after purchasing an additional 185 shares during the period. Resonant Capital Advisors LLC’s holdings in Arch Capital Group were worth $724,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACGL. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group during the 2nd quarter valued at approximately $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Arch Capital Group during the second quarter worth $35,000. LRI Investments LLC acquired a new stake in Arch Capital Group in the first quarter valued at $40,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group in the third quarter valued at $46,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACGL has been the topic of a number of research reports. JMP Securities increased their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. TD Cowen increased their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Evercore ISI lifted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada raised their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.53.

Insider Activity at Arch Capital Group

In related 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 value of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $108.53 on Monday. The firm has a market capitalization of $40.75 billion, a PE ratio of 8.57, a P/E/G ratio of 2.06 and a beta of 0.59. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50-day moving average of $110.05 and a two-hundred day moving average of $101.96.

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, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that Arch Capital Group Ltd. will post 9.07 earnings per share for the current 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.