Tidal Investments LLC Sells 9,883 Shares of Arch Capital Group Ltd. $ACGL

Tidal Investments LLC cut its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,376 shares of the insurance provider’s stock after selling 9,883 shares during the quarter. Tidal Investments LLC’s holdings in Arch Capital Group were worth $9,063,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Arch Capital Group during the fourth quarter valued at about $27,000. Torren Management LLC grew its position in shares of Arch Capital Group by 66.9% in the second quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 117 shares during the last quarter. WealthCollab LLC increased its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the period. JPL Wealth Management LLC bought a new position in shares of Arch Capital Group in the third quarter worth about $28,000. Finally, Zions Bancorporation National Association UT lifted its position in shares of Arch Capital Group by 390.9% during the 4th quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Arch Capital Group in a report on Thursday, July 30th. UBS Group reissued a “buy” rating and issued a $120.00 price target (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Arch Capital Group in a research report on Thursday, August 13th. Finally, Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Arch Capital Group has an average rating of “Hold” and a consensus target price of $111.11.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $99.32, for a total value of $1,093,513.20. Following the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at $18,356,918.32. The trade was a 5.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

ACGL opened at $96.09 on Friday. The stock has a market cap of $32.79 billion, a PE ratio of 7.51, a P/E/G ratio of 4.73 and a beta of 0.30. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $107.08. The stock’s 50 day simple moving average is $99.84 and its 200-day simple moving average is $96.71.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.36 billion. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.During the same period in the prior year, the company posted $2.58 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.44 EPS for the current year.

Arch Capital Group Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and financial services company that operates through a global network of subsidiaries. Listed on the Nasdaq under the symbol ACGL, the company provides specialty insurance, reinsurance and mortgage insurance products to businesses, institutions and individuals.

Arch’s insurance operations offer coverage across property, casualty and specialty lines, including professional liability, marine, aviation, energy, construction, accident and health, and other complex or customized risks.