Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,079 shares of the insurance provider’s stock after buying an additional 461 shares during the quarter. Simplicity Wealth LLC’s holdings in Arch Capital Group were worth $1,219,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Gulf International Bank UK Ltd lifted its stake in Arch Capital Group by 0.9% in the second quarter. Gulf International Bank UK Ltd now owns 67,897 shares of the insurance provider’s stock worth $6,850,000 after acquiring an additional 601 shares during the last quarter. Five Oceans Advisors acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at $203,000. AMF Tjanstepension AB purchased a new stake in shares of Arch Capital Group during the 2nd quarter worth $11,871,000. Park Avenue Securities LLC grew its stake in shares of Arch Capital Group by 7.9% during the second quarter. Park Avenue Securities LLC now owns 27,730 shares of the insurance provider’s stock worth $2,798,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Arch Capital Group by 40.3% in the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $110.00 price target on shares of Arch Capital Group in a report on Tuesday, April 30th. StockNews.com lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. JMP Securities raised their price objective on shares of Arch Capital Group from $110.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.56.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.28 during mid-day trading on Friday, hitting $98.68. 99,757 shares of the company’s stock were exchanged, compared to its average volume of 1,672,443. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $103.79. The business’s 50 day moving average is $98.71 and its two-hundred day moving average is $93.61. The firm has a market capitalization of $37.05 billion, a P/E ratio of 7.77, a P/E/G ratio of 1.84 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.75 earnings per share for the current 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.