First Horizon Advisors Inc. Has $834,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

First Horizon Advisors Inc. grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.5% during the 4th quarter, Holdings Channel reports. The firm owned 11,236 shares of the insurance provider’s stock after purchasing an additional 1,246 shares during the quarter. First Horizon Advisors Inc.’s holdings in Arch Capital Group were worth $834,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Arch Capital Group by 112.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock valued at $208,905,000 after purchasing an additional 1,387,072 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Arch Capital Group by 597.9% in the third quarter. Hsbc Holdings PLC now owns 1,419,944 shares of the insurance provider’s stock valued at $113,516,000 after acquiring an additional 1,216,498 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Arch Capital Group by 316.7% in the 3rd quarter. Assetmark Inc. now owns 977,982 shares of the insurance provider’s stock worth $77,955,000 after acquiring an additional 743,303 shares in the last quarter. Invesco Ltd. grew its position in Arch Capital Group by 16.3% during the 3rd quarter. Invesco Ltd. now owns 3,385,665 shares of the insurance provider’s stock worth $269,871,000 after acquiring an additional 475,464 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Arch Capital Group during the 4th quarter worth approximately $295,440,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.8 %

ACGL opened at $94.41 on Friday. The stock has a market capitalization of $35.42 billion, a P/E ratio of 7.45, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $96.58. The firm’s fifty day simple moving average is $91.15 and its 200 day simple moving average is $84.77.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 8.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ACGL shares. StockNews.com raised Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Wednesday. JMP Securities raised their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. TD Cowen initiated coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares of the company’s stock, valued at $29,408,151.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,689 shares of company stock worth $11,872,217. Insiders own 4.20% of the company’s stock.

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.