Arch Capital Group Ltd. (ACGL) Shares Bought by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,739 shares of the insurance provider’s stock after acquiring an additional 1,434 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Arch Capital Group were worth $565,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ACGL. Capstone Asset Management Co. grew its holdings in Arch Capital Group by 13.6% during the 2nd quarter. Capstone Asset Management Co. now owns 3,748 shares of the insurance provider’s stock worth $350,000 after acquiring an additional 450 shares during the last quarter. US Bancorp DE grew its holdings in Arch Capital Group by 4.9% during the 2nd quarter. US Bancorp DE now owns 10,484 shares of the insurance provider’s stock worth $978,000 after acquiring an additional 486 shares during the last quarter. Rothschild Asset Management Inc. grew its holdings in Arch Capital Group by 8.7% during the 2nd quarter. Rothschild Asset Management Inc. now owns 7,540 shares of the insurance provider’s stock worth $703,000 after acquiring an additional 605 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Arch Capital Group by 0.7% during the 2nd quarter. CIBC Asset Management Inc now owns 10,799 shares of the insurance provider’s stock worth $1,007,000 after acquiring an additional 78 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Arch Capital Group by 29.5% during the 2nd quarter. Sei Investments Co. now owns 125,548 shares of the insurance provider’s stock worth $11,712,000 after acquiring an additional 28,568 shares during the last quarter. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on ACGL shares. Wells Fargo & Company set a $100.00 price objective on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Thursday, October 26th. Buckingham Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 11th. They set a “buy” rating and a $106.00 price objective on the stock. UBS reduced their target price on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 target price on shares of Arch Capital Group in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $100.80.

Arch Capital Group Ltd. (ACGL) opened at $92.86 on Thursday. The stock has a market cap of $12,253.73, a PE ratio of 31.52, a PEG ratio of 2.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.83. Arch Capital Group Ltd. has a one year low of $84.04 and a one year high of $102.60.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, October 25th. The insurance provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.20). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Arch Capital Group had a net margin of 9.44% and a return on equity of 5.57%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. sell-side analysts expect that Arch Capital Group Ltd. will post 3.23 earnings per share for the current fiscal year.

In related news, CEO Nicolas Papadopoulo sold 80,694 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $93.80, for a total value of $7,569,097.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Donald Lyons sold 9,967 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The disclosure for this sale can be found here. Insiders sold a total of 184,133 shares of company stock worth $17,534,527 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

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About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

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

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