Measured Wealth Private Client Group LLC Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Measured Wealth Private Client Group LLC reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,135 shares of the insurance provider’s stock after selling 124 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Arch Capital Group were worth $463,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ACGL. UMB Bank n.a. acquired a new position in Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA increased its stake in 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 last quarter. Rothschild Investment LLC acquired a new position in Arch Capital Group in the second quarter valued at $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at $38,000. Finally, Versant Capital Management Inc increased its stake in Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ACGL. Barclays began coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target for the company. Wells Fargo & Company upped their price target on Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Evercore ISI upped their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Arch Capital Group Trading Up 0.3 %

Shares of ACGL opened at $105.14 on Thursday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The stock has a 50-day moving average price of $110.85 and a 200 day moving average price of $102.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $39.54 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.95 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. During the same quarter last year, the firm posted $2.31 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by insiders.

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.