Venturi Wealth Management LLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Venturi Wealth Management LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 59.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,632 shares of the insurance provider's stock after acquiring an additional 5,079 shares during the period. Venturi Wealth Management LLC's holdings in Arch Capital Group were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ACGL. Vanguard Group Inc. lifted its holdings in shares of Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock worth $3,776,996,000 after purchasing an additional 104,008 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Arch Capital Group by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after acquiring an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock worth $573,301,000 after buying an additional 49,426 shares during the last quarter. Capital International Investors lifted its holdings in Arch Capital Group by 61.1% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock valued at $396,026,000 after buying an additional 244,285 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Up 0.6 %

ACGL traded up $0.62 on Tuesday, reaching $101.12. The company's stock had a trading volume of 2,400,881 shares, compared to its average volume of 1,669,582. The company has a market capitalization of $38.03 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 1.47 and a beta of 0.61. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock has a 50 day moving average of $108.93 and a two-hundred day moving average of $103.13. The company has a quick ratio of 0.60, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the previous year, the business earned $2.31 EPS. As a group, analysts forecast that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $5.00 dividend.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACGL shares. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price on the stock. Jefferies Financial Group boosted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. TD Cowen lifted their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Roth Mkm increased their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, Evercore ISI raised their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.88.

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.