Arthur M. Cohen & Associates LLC Has $3.62 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Arthur M. Cohen & Associates LLC raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,855 shares of the insurance provider’s stock after buying an additional 2,781 shares during the quarter. Arch Capital Group comprises 0.7% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 26th largest holding. Arthur M. Cohen & Associates LLC’s holdings in Arch Capital Group were worth $3,616,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC raised its stake in shares of Arch Capital Group by 2.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 103 shares in the last quarter. Baldwin Brothers LLC MA raised its stake in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares in the last quarter. Fidelis Capital Partners LLC grew its position in Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 106 shares during the period. Finally, KG&L Capital Management LLC grew its position in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after acquiring an additional 115 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is currently owned by insiders.

Arch Capital Group Trading Down 1.1 %

Shares of ACGL opened at $95.00 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47. The firm has a market capitalization of $35.73 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The stock’s fifty day simple moving average is $110.43 and its 200-day simple moving average is $102.87.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 9.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Evercore ISI upped their price target on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm upped their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, JMP Securities upped their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.87.

About Arch Capital Group

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.