Insight Wealth Strategies LLC Sells 1,396 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Insight Wealth Strategies LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,062 shares of the insurance provider’s stock after selling 1,396 shares during the period. Insight Wealth Strategies LLC’s holdings in Arch Capital Group were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Arch Capital Group by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 63,459 shares of the insurance provider’s stock valued at $5,058,000 after buying an additional 1,835 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after purchasing an additional 11,594 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in Arch Capital Group in the third quarter worth about $357,000. Checchi Capital Advisers LLC raised its stake in shares of Arch Capital Group by 7.7% in the third quarter. Checchi Capital Advisers LLC now owns 5,222 shares of the insurance provider’s stock worth $416,000 after buying an additional 375 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at about $1,520,000. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACGL shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Evercore ISI raised their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a research report on Tuesday, April 30th. JMP Securities upped their target price on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 30th. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Finally, Morgan Stanley upped their price objective on Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $101.33.

View Our Latest Analysis on Arch Capital Group

Insider Transactions at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

Arch Capital Group Price Performance

ACGL traded up $1.59 during trading hours on Wednesday, hitting $100.80. The company’s stock had a trading volume of 1,489,012 shares, compared to its average volume of 1,821,351. Arch Capital Group Ltd. has a 12 month low of $70.19 and a 12 month high of $103.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $97.42 and its 200-day moving average price is $88.27. The stock has a market cap of $37.85 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.70 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.