Benjamin F. Edwards & Company Inc. Invests $650,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

Benjamin F. Edwards & Company Inc. bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,765 shares of the insurance provider’s stock, valued at approximately $650,000.

A number of other institutional investors have also recently made changes to their positions in ACGL. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. CVA Family Office LLC bought a new stake in Arch Capital Group during the 4th quarter worth approximately $47,000. Covestor Ltd boosted its position in shares of Arch Capital Group by 342.9% in the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 696 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of Arch Capital Group in the third quarter worth $75,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $98.21 on Wednesday. The stock has a 50 day moving average price of $91.57 and a 200-day moving average price of $84.95. Arch Capital Group Ltd. has a one year low of $69.05 and a one year high of $98.54. The stock has a market cap of $36.84 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. Arch Capital Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. Equities analysts expect that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Citigroup dropped their target price on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, January 22nd. Bank of America boosted their price target on shares of Arch Capital Group from $105.00 to $109.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a research report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Insider Transactions at Arch Capital Group

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group 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 completion of the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at $22,037,302.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 228,035 shares of the company’s stock, valued at approximately $22,037,302.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,689 shares of company stock worth $12,838,617. 4.00% of the stock is currently owned by company insiders.

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.