Millington Financial Advisors LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Millington Financial Advisors LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,270 shares of the insurance provider’s stock after buying an additional 351 shares during the quarter. Millington Financial Advisors LLC’s holdings in Arch Capital Group were worth $986,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ACGL. DekaBank Deutsche Girozentrale boosted its position in shares of Arch Capital Group by 6.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the period. SG Americas Securities LLC increased its holdings in shares of Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after acquiring an additional 121,206 shares during the period. Treasurer of the State of North Carolina raised its position in Arch Capital Group by 0.7% in the 3rd quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after purchasing an additional 1,504 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Arch Capital Group by 31.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock worth $14,945,000 after acquiring an additional 48,587 shares during the period. Finally, American Century Companies Inc. raised its holdings in Arch Capital Group by 46.8% during the third quarter. American Century Companies Inc. now owns 131,465 shares of the insurance provider’s stock worth $10,479,000 after purchasing an additional 41,904 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $0.07 on Tuesday, hitting $93.78. The company’s stock had a trading volume of 1,459,369 shares, compared to its average volume of 1,710,868. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50 day moving average of $89.96 and a 200-day moving average of $84.22. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The company has a market capitalization of $35.18 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the prior year, the company earned $2.14 EPS. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ACGL shares. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a report on Monday, April 15th. Evercore ISI lifted their price target on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a report on Friday, February 16th. Citigroup lowered their price target on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, January 22nd. Finally, UBS Group reduced their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.23.

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.