Axxcess Wealth Management LLC Sells 427 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Axxcess Wealth Management LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,938 shares of the insurance provider’s stock after selling 427 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Arch Capital Group were worth $6,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Arch Capital Group during the third quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd increased its holdings in Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $93.30 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a one year low of $87.42 and a one year high of $116.47. The firm has a market capitalization of $35.02 billion, a P/E ratio of 8.33, a PEG ratio of 2.31 and a beta of 0.62. The business has a fifty day moving average price of $91.94 and a 200-day moving average price of $99.09.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter in the previous year, the firm earned $2.45 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Royal Bank of Canada cut their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Morgan Stanley decreased their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, UBS Group cut their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Arch Capital Group currently has an average rating of “Moderate Buy” and an average price target of $117.19.

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.