D.A. Davidson & CO. Has $5.62 Million Holdings in Arch Capital Group Ltd. (ACGL)

D.A. Davidson & CO. boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,878 shares of the insurance provider’s stock after purchasing an additional 5,576 shares during the period. D.A. Davidson & CO.’s holdings in Arch Capital Group were worth $5,617,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ACGL. Ameriprise Financial Inc. raised its stake in Arch Capital Group by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 237 shares during the period. PNC Financial Services Group Inc. raised its stake in Arch Capital Group by 14.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,016 shares of the insurance provider’s stock worth $375,000 after purchasing an additional 518 shares during the period. AHL Partners LLP purchased a new position in Arch Capital Group during the second quarter worth about $309,000. Royal Bank of Canada raised its stake in Arch Capital Group by 1.3% during the second quarter. Royal Bank of Canada now owns 52,848 shares of the insurance provider’s stock worth $4,931,000 after purchasing an additional 694 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Arch Capital Group by 387.5% during the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the insurance provider’s stock worth $364,000 after purchasing an additional 3,100 shares during the period. 79.17% of the stock is currently owned by institutional investors.

In related news, insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total transaction of $539,225.47. Following the sale, the insider now directly owns 43,268 shares of the company’s stock, valued at approximately $3,940,416.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Donald Lyons sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.04, for a total transaction of $506,220.00. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on ACGL shares. Zacks Investment Research raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Wells Fargo & Co set a $100.00 price target on shares of Arch Capital Group and gave the company a “hold” rating in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating and issued a $113.00 price target on shares of Arch Capital Group in a research note on Friday, October 27th. UBS Group reissued a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $101.00 price target on shares of Arch Capital Group in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $100.67.

Shares of Arch Capital Group Ltd. (ACGL) opened at $89.85 on Friday. The stock has a market cap of $12,304.16, a P/E ratio of 22.13, a PEG ratio of 1.31 and a beta of 0.62. Arch Capital Group Ltd. has a 52 week low of $85.35 and a 52 week high of $102.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Arch Capital Group had a net margin of 11.21% and a return on equity of 5.95%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s revenue was up 27.4% on a year-over-year basis. sell-side analysts anticipate that Arch Capital Group Ltd. will post 6.24 earnings per share for the current fiscal year.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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