Vanguard Capital Wealth Advisors Makes New $217,000 Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vanguard Capital Wealth Advisors bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,938 shares of the insurance provider’s stock, valued at approximately $217,000.

A number of other large investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in Arch Capital Group by 5.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after buying an additional 21,332 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Arch Capital Group by 2.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after buying an additional 519 shares in the last quarter. Cetera Advisors LLC grew its position in Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after buying an additional 5,684 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in Arch Capital Group in the 1st quarter valued at about $1,937,000. Finally, Kinsale Capital Group Inc. grew its position in Arch Capital Group by 26.0% in the 1st quarter. Kinsale Capital Group Inc. now owns 43,860 shares of the insurance provider’s stock valued at $4,054,000 after buying an additional 9,064 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.8 %

NASDAQ:ACGL opened at $104.80 on Wednesday. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The firm has a market cap of $39.41 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 1.95 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $110.84 and its 200-day moving average is $102.67.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for 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%. Arch Capital Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 9.06 EPS for the current year.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Roth Mkm raised their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays assumed coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.53.

About Arch Capital Group

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.