5,465 Shares in Arch Capital Group Ltd. $ACGL Purchased by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,465 shares of the insurance provider’s stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Elyxium Wealth LLC purchased a new position in shares of Arch Capital Group in the 4th quarter worth approximately $27,000. WealthCollab LLC grew its holdings in shares of Arch Capital Group by 410.3% in 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 in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group during the third quarter valued at approximately $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $30,000. Finally, Grove Bank & Trust purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Atlantic Securities set a $126.00 price objective on Arch Capital Group in a research report on Wednesday. Wells Fargo & Company raised their target price on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. UBS Group reiterated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Citigroup boosted their price target on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley increased their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of “Hold” and a consensus price target of $109.39.

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $98.54 on Thursday. The business’s fifty day moving average is $94.83 and its 200 day moving average is $95.56. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 5.05 and a beta of 0.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $4.52 billion during the quarter. Research analysts predict that Arch Capital Group Ltd. will post 9.35 EPS for the current year.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their position. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Profile

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.