Mycio Wealth Partners LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,085 shares of the insurance provider’s stock after buying an additional 2,288 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Arch Capital Group were worth $1,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd boosted its stake in Arch Capital Group by 1.2% in the second quarter. IFM Investors Pty Ltd now owns 28,017 shares of the insurance provider’s stock valued at $1,039,000 after acquiring an additional 336 shares during the last quarter. ETF Managers Group LLC increased its holdings in Arch Capital Group by 9.9% during the 1st quarter. ETF Managers Group LLC now owns 5,017 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 451 shares during the period. Quadrant Capital Group LLC increased its holdings in Arch Capital Group by 200.0% during the 1st quarter. Quadrant Capital Group LLC now owns 948 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 632 shares during the period. Daiwa Securities Group Inc. increased its holdings in Arch Capital Group by 5.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,750 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 800 shares during the period. Finally, Pictet North America Advisors SA increased its holdings in Arch Capital Group by 0.3% during the 1st quarter. Pictet North America Advisors SA now owns 264,535 shares of the insurance provider’s stock worth $8,550,000 after acquiring an additional 903 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Shares of Arch Capital Group stock traded down $0.06 during trading on Wednesday, reaching $39.71. The company’s stock had a trading volume of 24,876 shares, compared to its average volume of 1,286,171. Arch Capital Group Ltd. has a 52-week low of $24.79 and a 52-week high of $40.20. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.41 and a beta of 0.65. The firm’s 50-day moving average is $38.54 and its two-hundred day moving average is $34.59. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.27.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.08. Arch Capital Group had a net margin of 20.48% and a return on equity of 10.58%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 2.82 EPS for the current year.

A number of research firms recently weighed in on ACGL. Morgan Stanley set a $32.00 target price on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Friday, May 17th. MKM Partners upped their target price on shares of Arch Capital Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank raised shares of Arch Capital Group from a “hold” rating to a “buy” rating and set a $35.35 target price on the stock in a report on Wednesday, June 26th. BidaskClub raised shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $32.00 target price on shares of Arch Capital Group in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.91.

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $39.42, for a total value of $315,360.00. Following the completion of the transaction, the chief financial officer now directly owns 37,815 shares in the company, valued at approximately $1,490,667.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman John M. Pasquesi sold 299,741 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $33.99, for a total transaction of $10,188,196.59. Following the completion of the transaction, the insider now owns 2,832 shares of the company’s stock, valued at $96,259.68. The disclosure for this sale can be found here. Insiders sold a total of 332,741 shares of company stock valued at $11,490,307 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

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Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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