Meadowbrook Advisors Group LLC Invests $1.32 Million in Arch Capital Group Ltd. $ACGL

Meadowbrook Advisors Group LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 13,755 shares of the insurance provider’s stock, valued at approximately $1,319,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in shares of Arch Capital Group by 4.8% during the 4th quarter. Hsbc Holdings PLC now owns 389,698 shares of the insurance provider’s stock valued at $37,551,000 after buying an additional 17,832 shares in the last quarter. Pure Financial Advisors LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $207,000. Caitong International Asset Management Co. Ltd raised its stake in Arch Capital Group by 95.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,701 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 830 shares during the period. MidFirst Bank bought a new stake in Arch Capital Group during the 4th quarter worth approximately $46,000. Finally, DGS Capital Management LLC bought a new stake in Arch Capital Group during the 4th quarter worth approximately $302,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $105.00 price target on shares of Arch Capital Group in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Citigroup lifted their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays upped their target price on shares of Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Mizuho cut their price target on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group has an average rating of “Hold” and an average price target of $106.81.

Arch Capital Group Stock Performance

ACGL stock opened at $91.18 on Friday. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $31.86 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 4.56 and a beta of 0.32. The business has a 50 day simple moving average of $93.91 and a two-hundred day simple moving average of $94.96.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Research analysts anticipate that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel Joseph Houston purchased 5,300 shares of Arch Capital Group stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by corporate insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.