AMJ Financial Wealth Management Has $3.53 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

AMJ Financial Wealth Management increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,008 shares of the insurance provider’s stock after buying an additional 502 shares during the quarter. AMJ Financial Wealth Management’s holdings in Arch Capital Group were worth $3,532,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA grew its holdings in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the 4th quarter valued at about $33,000. Rothschild Investment LLC bought a new position in shares of Arch Capital Group in the second quarter worth about $35,000. Finally, LRI Investments LLC acquired a new position in shares of Arch Capital Group during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ACGL shares. Evercore ISI lifted their target price on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Barclays started coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective on the stock. Finally, JMP Securities upped their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.27.

Arch Capital Group Trading Up 0.9 %

NASDAQ:ACGL traded up $1.01 on Tuesday, reaching $112.74. The company’s stock had a trading volume of 55,201 shares, compared to its average volume of 1,617,584. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $114.65. The business’s 50-day moving average price is $101.58 and its two-hundred day moving average price is $97.49. The firm has a market cap of $42.33 billion, a PE ratio of 8.82, a PEG ratio of 2.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business posted $1.92 EPS. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.20% of the company’s stock.

About Arch Capital Group

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.