Arch Capital Group Ltd. $ACGL Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 bought and sold shares of ACGL. Elyxium Wealth LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at about $27,000. WealthCollab LLC grew its stake in shares of Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Torren Management LLC grew its stake in shares of Arch Capital Group by 66.9% in the 2nd quarter. Torren Management LLC now owns 292 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 117 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Arch Capital Group in the 3rd quarter worth approximately $28,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of Arch Capital Group by 390.9% in 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 in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL stock opened at $96.09 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $32.79 billion, a P/E ratio of 7.51, a P/E/G ratio of 4.73 and a beta of 0.30. The firm has a 50 day simple moving average of $99.84 and a 200 day simple moving average of $96.71. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $107.08.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a net margin of 24.40% and a return on equity of 17.06%. During the same period in the previous year, the firm posted $2.58 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 9.44 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,010 shares of Arch Capital Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $99.32, for a total transaction of $1,093,513.20. Following the completion of the sale, the chief financial officer owned 184,826 shares of the company’s stock, valued at approximately $18,356,918.32. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACGL shares. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Wells Fargo & Company boosted their target price on Arch Capital Group from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Finally, Mizuho raised their target price on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.11.

About Arch Capital Group

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.