Silver Oak Securities Incorporated Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Silver Oak Securities Incorporated increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3,664.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,680 shares of the insurance provider's stock after purchasing an additional 7,476 shares during the period. Silver Oak Securities Incorporated's holdings in Arch Capital Group were worth $871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock valued at $380,167,000 after purchasing an additional 1,560,173 shares during the period. International Assets Investment Management LLC increased its stake in Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after buying an additional 548,402 shares during the period. Brandes Investment Partners LP acquired a new position in Arch Capital Group in the 2nd quarter valued at $48,119,000. Natixis Advisors LLC raised its position in Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider's stock worth $114,962,000 after buying an additional 423,406 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Arch Capital Group by 385.0% in the 1st quarter. Retirement Systems of Alabama now owns 398,884 shares of the insurance provider's stock worth $36,873,000 after acquiring an additional 316,640 shares during the period. 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 company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. 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 currently owned by company insiders.

Analyst Ratings Changes

ACGL has been the subject of several analyst reports. JMP Securities increased their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Bank of America upped their price objective on Arch Capital Group from $119.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. TD Cowen boosted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Finally, Citigroup upped their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.53.

Arch Capital Group Price Performance

Shares of ACGL stock traded down $1.74 during trading hours on Friday, hitting $105.30. The company's stock had a trading volume of 1,490,458 shares, compared to its average volume of 1,632,719. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $110.75 and a 200-day moving average of $102.39. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a market cap of $39.54 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 2.00 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $1.92 earnings per share. Arch Capital Group's revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.06 EPS for the current year.

Arch Capital Group 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.