Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Boosted by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,797 shares of the insurance provider’s stock after purchasing an additional 500 shares during the period. Mycio Wealth Partners LLC’s holdings in Arch Capital Group were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ACGL. PNC Financial Services Group Inc. increased its position in Arch Capital Group by 276.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 20,476 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 15,035 shares during the period. FMR LLC raised its holdings in Arch Capital Group by 182.3% in the 2nd quarter. FMR LLC now owns 6,262,026 shares of the insurance provider’s stock worth $165,693,000 after purchasing an additional 4,043,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Arch Capital Group by 222.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,068 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 6,259 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Arch Capital Group by 438.2% during the 2nd quarter. Raymond James & Associates now owns 234,606 shares of the insurance provider’s stock worth $6,208,000 after acquiring an additional 191,014 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Arch Capital Group by 158.8% in the 2nd quarter. Voya Investment Management LLC now owns 87,983 shares of the insurance provider’s stock valued at $2,328,000 after buying an additional 53,981 shares in the last quarter. 80.32% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on ACGL shares. Zacks Investment Research cut Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. BidaskClub upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Friday, February 8th. ValuEngine raised Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Saturday, February 2nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $30.00 price target on shares of Arch Capital Group in a report on Thursday, December 13th. Finally, Morgan Stanley set a $22.00 target price on shares of Arch Capital Group and gave the company a “hold” rating in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.50.

In related news, Director Brian S. Posner acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was bought at an average price of $25.05 per share, with a total value of $25,050.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $75,150. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Yiorgos Lillikas sold 7,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $28.06, for a total value of $196,420.00. Following the sale, the director now directly owns 53,214 shares in the company, valued at approximately $1,493,184.84. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

NASDAQ ACGL opened at $31.96 on Thursday. Arch Capital Group Ltd. has a fifty-two week low of $24.79 and a fifty-two week high of $32.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, February 12th. The insurance provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Arch Capital Group had a net margin of 15.15% and a return on equity of 10.30%. During the same quarter in the prior year, the company posted $1.34 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 2.12 EPS for the current fiscal year.

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Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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