Fidelis Capital Partners LLC Has $351,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Fidelis Capital Partners LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,281 shares of the insurance provider’s stock after selling 272 shares during the period. Fidelis Capital Partners LLC’s holdings in Arch Capital Group were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. UMB Bank n.a. bought a new position in shares of Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA raised 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 purchasing an additional 104 shares during the period. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the second quarter valued at about $35,000. LRI Investments LLC bought a new position in shares of Arch Capital Group in the first quarter valued at about $40,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the third quarter valued at about $46,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Trading Up 0.3 %

ACGL opened at $105.14 on Thursday. The company’s 50 day moving average is $110.85 and its 200-day moving average is $102.69. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market cap of $39.54 billion, a P/E ratio of 7.39, a PEG ratio of 1.95 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating 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 company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company posted $1.92 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts predict that Arch Capital Group Ltd. will post 9.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACGL. Bank of America increased their price objective on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Evercore ISI raised their price target on shares of 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. Citigroup raised their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Moderate Buy” and an average price target of $119.53.

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.