Arch Capital Group Ltd. (NASDAQ:ACGL) Position Reduced by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 78.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,457 shares of the insurance provider's stock after selling 5,283 shares during the period. SYSTM Wealth Solutions LLC's holdings in Arch Capital Group were worth $147,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACGL. International Assets Investment Management LLC purchased a new stake in Arch Capital Group during the fourth quarter worth about $398,000. Avantax Advisory Services Inc. boosted its stake in shares of Arch Capital Group by 13.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,489 shares of the insurance provider's stock worth $556,000 after acquiring an additional 867 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Arch Capital Group by 13.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,072 shares of the insurance provider's stock valued at $154,000 after purchasing an additional 249 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Arch Capital Group by 32.0% in the 4th quarter. Panagora Asset Management Inc. now owns 23,578 shares of the insurance provider's stock valued at $1,751,000 after acquiring an additional 5,722 shares during the last quarter. Finally, Financial Advocates Investment Management increased its holdings in Arch Capital Group by 4.1% during the 4th quarter. Financial Advocates Investment Management now owns 4,143 shares of the insurance provider's stock valued at $308,000 after acquiring an additional 163 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective 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. Barclays started coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price objective on the stock. Bank of America dropped their price objective on Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 31st. Finally, JMP Securities increased 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. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.93.

Arch Capital Group Stock Down 1.4 %

Shares of NASDAQ:ACGL traded down $1.62 during mid-day trading on Thursday, hitting $111.42. 1,770,117 shares of the company traded hands, compared to its average volume of 1,608,648. The firm has a market cap of $41.84 billion, a P/E ratio of 8.81, a PEG ratio of 2.00 and a beta of 0.60. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $114.69. The firm's 50 day simple moving average is $103.53 and its 200 day simple moving average is $98.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

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.