6,420 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Bought by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the first quarter, HoldingsChannel.com reports. The firm acquired 6,420 shares of the insurance provider’s stock, valued at approximately $593,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in Arch Capital Group during the 4th quarter worth $27,000. Larson Financial Group LLC acquired a new position in Arch Capital Group during the 4th quarter worth $30,000. Richardson Financial Services Inc. acquired a new position in Arch Capital Group during the 4th quarter worth $33,000. CVA Family Office LLC acquired a new position in Arch Capital Group during the 4th quarter worth $47,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Arch Capital Group during the 1st quarter worth $58,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 0.1 %

NASDAQ:ACGL traded down $0.13 during trading hours on Friday, hitting $100.89. 3,818,454 shares of the company’s stock traded hands, compared to its average volume of 1,822,836. The firm has a market cap of $37.88 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.73 and a beta of 0.60. Arch Capital Group Ltd. has a twelve month low of $71.69 and a twelve month high of $103.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s fifty day moving average price is $99.07 and its two-hundred day moving average price is $89.41.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.55 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACGL shares. Deutsche Bank Aktiengesellschaft upped their price objective on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Roth Mkm restated a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America upped their price objective on Arch Capital Group from $109.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.33.

Arch Capital Group Company Profile

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.