Marshall Financial Group LLC Takes Position in Arch Capital Group Ltd. $ACGL

Marshall Financial Group LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,907 shares of the insurance provider’s stock, valued at approximately $854,000.

A number of other institutional investors have also added to or reduced their stakes in the company. WealthCollab LLC increased its stake in Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust bought a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Aventura Private Wealth LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Arch Capital Group by 426.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 384 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 311 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

NASDAQ ACGL opened at $93.66 on Tuesday. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a 50 day moving average of $96.02 and a 200-day moving average of $93.10. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The firm has a market cap of $33.32 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 3.75 and a beta of 0.40.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the previous year, the business earned $2.26 EPS. On average, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACGL shares. UBS Group restated a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Evercore set a $100.00 price target on shares of Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and a consensus price target of $109.20.

Insiders Place Their Bets

In other Arch Capital Group news, insider David Gansberg sold 5,907 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the sale, the director owned 2,000 shares in the company, valued at $34,220. The trade was a 60.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 78,267 shares of company stock worth $7,291,637. 4.10% of the stock is owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.