Denali Advisors LLC Has $750,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Denali Advisors LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 14.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,233 shares of the insurance provider’s stock after buying an additional 1,008 shares during the period. Denali Advisors LLC’s holdings in Arch Capital Group were worth $750,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Harbour Investments Inc. increased its position in Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock worth $138,000 after buying an additional 111 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider’s stock worth $642,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC increased its position in Arch Capital Group by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 13,228 shares of the insurance provider’s stock worth $1,272,000 after buying an additional 115 shares during the last quarter. Hemington Wealth Management increased its position in Arch Capital Group by 27.7% during the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after buying an additional 119 shares during the last quarter. Finally, Horizon Advisory Services Inc. increased its position in Arch Capital Group by 4.2% during the first quarter. Horizon Advisory Services Inc. now owns 2,996 shares of the insurance provider’s stock worth $288,000 after buying an additional 120 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.2%

NASDAQ ACGL opened at $87.88 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day simple moving average of $90.57 and a 200 day simple moving average of $90.75. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $107.90. The stock has a market cap of $32.80 billion, a PE ratio of 9.07, a PEG ratio of 5.08 and a beta of 0.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company earned $2.57 earnings per share. On average, 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 Maamoun Rajeh sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Citigroup initiated coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They set a “buy” rating and a $113.00 target price on the stock. Cantor Fitzgerald raised Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Barclays set a $99.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and an average price target of $108.71.

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.