Moors & Cabot Inc. Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Moors & Cabot Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,705 shares of the insurance provider’s stock after buying an additional 486 shares during the period. Moors & Cabot Inc.’s holdings in Arch Capital Group were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its stake in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider’s stock worth $2,969,000 after buying an additional 110 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider’s stock worth $214,000 after buying an additional 129 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider’s stock worth $285,000 after buying an additional 132 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in Arch Capital Group by 2.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,106 shares of the insurance provider’s stock worth $656,000 after buying an additional 140 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Arch Capital Group by 14.1% in the 4th quarter. Private Trust Co. NA now owns 1,274 shares of the insurance provider’s stock worth $118,000 after buying an additional 157 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 research firms have commented on ACGL. UBS Group dropped their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Insider Buying and Selling

In other news, insider Louis T. Petrillo sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $92.57 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The firm has a market capitalization of $34.75 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company’s 50-day moving average is $91.83 and its 200 day moving average is $99.35.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company posted $2.45 EPS. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.