RFG Bristol Wealth Advisors LLC Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,635 shares of the insurance provider's stock, valued at approximately $1,167,000.

Several other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in Arch Capital Group during the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arch Capital Group in the fourth quarter worth about $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Arch Capital Group by 97.0% during the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock valued at $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. The trade was a 7.65 % 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 owned by corporate insiders.

Arch Capital Group Stock Down 8.8 %

ACGL stock traded down $8.45 during midday trading on Friday, reaching $87.83. The company had a trading volume of 2,687,962 shares, compared to its average volume of 1,719,357. The company has a 50 day moving average of $92.23 and a two-hundred day moving average of $97.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 1 year low of $87.42 and a 1 year high of $116.47. The company has a market capitalization of $33.00 billion, a P/E ratio of 7.84, a PEG ratio of 2.31 and a beta of 0.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the business earned $2.45 earnings per share. On average, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on ACGL shares. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Barclays decreased their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Finally, JMP Securities reissued a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.19.

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.