Rodgers & Associates LTD Has $790,000 Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Rodgers & Associates LTD boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,642 shares of the insurance provider’s stock after acquiring an additional 792 shares during the quarter. Rodgers & Associates LTD’s holdings in Arch Capital Group were worth $790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth $27,000. Larson Financial Group LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter worth about $30,000. Steward Financial Group LLC grew its stake in shares of Arch Capital Group by 180.7% in the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after buying an additional 338 shares in the last quarter. CVA Family Office LLC acquired a new position in Arch Capital Group in the fourth quarter worth approximately $47,000. Finally, Covestor Ltd raised its position in Arch Capital Group by 342.9% during the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. boosted their target price on Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen assumed coverage on shares of Arch Capital Group in a report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup lowered their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, January 22nd. Finally, UBS Group cut their price objective on Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $96.23.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold a total of 135,689 shares of company stock worth $11,872,217 over the last 90 days. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.14 during trading hours on Thursday, hitting $93.05. 1,180,534 shares of the stock were exchanged, compared to its average volume of 1,698,569. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $95.01. The business’s 50-day moving average is $90.24 and its two-hundred day moving average is $84.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $34.91 billion, a P/E ratio of 8.01, a P/E/G ratio of 1.17 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the business posted $2.14 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Arch Capital Group 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.