Silvercrest Asset Management Group LLC Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Silvercrest Asset Management Group LLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,521 shares of the insurance provider’s stock after buying an additional 1,351 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Arch Capital Group were worth $6,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in Arch Capital Group in the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter worth $30,000. Richardson Financial Services Inc. acquired a new position in Arch Capital Group during the 4th quarter valued at about $33,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group during the first quarter valued at about $40,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Arch Capital Group during the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $96.64, for a total value of $966,400.00. Following the completion of the transaction, the chief executive officer now owns 228,035 shares in the company, valued at $22,037,302.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $96.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Roth Mkm reaffirmed a “buy” rating and issued a $110.00 price target on shares of Arch Capital Group in a research note on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $102.87.

Arch Capital Group Stock Up 1.1 %

ACGL traded up $1.03 during trading hours on Tuesday, hitting $98.04. 581,868 shares of the company’s stock were exchanged, compared to its average volume of 1,656,240. The company has a current ratio of 0.59, a quick ratio of 0.59 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 $103.79. The firm has a market cap of $36.81 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.61 and a beta of 0.58. The firm has a 50 day moving average of $99.53 and a 200 day moving average of $92.78.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $1.73 EPS. Arch Capital Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts predict that Arch Capital Group Ltd. will post 8.59 EPS for the current fiscal year.

Arch Capital Group 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.