Fidelis Capital Partners LLC cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) 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.
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.
View Our Latest Stock Analysis on ACGL
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.
Featured Stories
- Five stocks we like better than Arch Capital Group
- What Are Dividend Achievers? An Introduction
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- How to Effectively Use the MarketBeat Ratings Screener
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Canada Bond Market Holiday: How to Invest and Trade
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report).
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.