Simplicity Wealth LLC Grows Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Simplicity Wealth LLC boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,079 shares of the insurance provider’s stock after buying an additional 461 shares during the period. Simplicity Wealth LLC’s holdings in Arch Capital Group were worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACGL. Larson Financial Group LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $30,000. Richardson Financial Services Inc. purchased a new position in shares of Arch Capital Group during the fourth quarter valued at about $33,000. LRI Investments LLC bought a new stake in shares of Arch Capital Group in the first quarter worth about $38,000. Versant Capital Management Inc lifted its position in shares of Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after buying an additional 131 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Arch Capital Group during the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ACGL. JPMorgan Chase & Co. raised their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada raised their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm restated a “buy” rating and issued a $110.00 target price on shares of Arch Capital Group in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $105.56.

Arch Capital Group Trading Up 0.3 %

Shares of NASDAQ ACGL traded up $0.28 during trading hours on Friday, reaching $98.68. The stock had a trading volume of 99,757 shares, compared to its average volume of 1,672,443. The business’s fifty day moving average price is $98.71 and its two-hundred day moving average price is $93.61. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.84 and a beta of 0.58. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $103.79. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Analysts expect that Arch Capital Group Ltd. will post 8.75 EPS for the current fiscal 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.