Silver Oak Securities Incorporated Purchases 7,476 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Silver Oak Securities Incorporated raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3,664.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,680 shares of the insurance provider’s stock after buying an additional 7,476 shares during the period. Silver Oak Securities Incorporated’s holdings in Arch Capital Group were worth $871,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Arch Capital Group by 9.7% in the third quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider’s stock valued at $3,479,000 after buying an additional 2,741 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in Arch Capital Group in the third quarter valued at approximately $527,000. CENTRAL TRUST Co boosted its position in Arch Capital Group by 16.5% in the third quarter. CENTRAL TRUST Co now owns 12,111 shares of the insurance provider’s stock valued at $1,355,000 after buying an additional 1,713 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Arch Capital Group by 18,634.1% during the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider’s stock worth $616,840,000 after purchasing an additional 548,402 shares during the period. Finally, Axecap Investments LLC acquired a new position in shares of Arch Capital Group during the third quarter worth $3,216,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACGL. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price target on the stock. Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

Arch Capital Group Trading Down 1.6 %

NASDAQ:ACGL opened at $105.30 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50-day moving average of $110.75 and a 200-day moving average of $102.32. The company has a market cap of $39.54 billion, a PE ratio of 8.31, a PEG ratio of 2.00 and a beta of 0.59. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

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.