2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP lessened its stake in Arch Capital Group Ltd. ( NASDAQ:ACGL – Free Report ) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 6,114 shares of the insurance provider’s stock after selling 275 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Arch Capital Group were worth $617,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock.
Baldwin Brothers LLC MA boosted its holdings in shares of Arch Capital Group by 50.7% during the 2nd 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 during the last quarter.
Fidelis Capital Partners LLC lifted its position in shares of 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 worth $344,000 after buying an additional 106 shares in the last quarter.
Sunbelt Securities Inc. boosted its stake in Arch Capital Group by 1.8% during the first quarter.
Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after buying an additional 117 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in Arch Capital Group by 2.
1% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Arch Capital Group by 40.
3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 89.
07% of the company’s stock. Insiders Place Their Bets In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on 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 directly owns 221,779 shares in the company, valued at approximately $22,723,476.
34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . 4.
20% of the stock is owned by company insiders. Arch Capital Group Stock Performance Arch Capital Group ( NASDAQ:ACGL – Get Free Report ) last announced its quarterly 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.
Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%.
The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion.
During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up 10.
3% compared to the same quarter last year. Analysts predict that Arch Capital Group Ltd. will post 9.
01 earnings per share for the current year. Analyst Upgrades and Downgrades A number of research analysts have recently commented on ACGL shares. Barclays started coverage on Arch Capital Group in a research report on Wednesday, September 4th.
They set an “equal weight” rating and a $120.00 target price for the company. Citigroup boosted their target price on shares of Arch Capital Group from $105.
00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Evercore ISI upped their target price on shares of Arch Capital Group from $100.
00 to $104.00 and gave the company an “in-line” rating in a research report on Wednesday, July 31st. Bank of America dropped their price target on Arch Capital Group from $119.
00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Roth Mkm upped their price objective 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. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.73. Read Our Latest Research Report on Arch Capital Group Arch Capital Group Company Profile ( Free Report ) 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. See Also Five stocks we like better than Arch Capital Group 3 Ways To Invest In Coffee, Other Than Drinking It Rocket Lab Stock Soars: Should Investors Chase the Rally? Stock Ratings and Recommendations: Understanding Analyst Ratings KB Home Slips After Earnings: What’s Next for Homebuilders? Investing in Commodities: What Are They? How to Invest in Them Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. ( NASDAQ:ACGL – Free Report ). Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.
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