US Bancorp DE Has $8.69 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

US Bancorp DE decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,704 shares of the insurance provider’s stock after selling 3,271 shares during the quarter. US Bancorp DE’s holdings in Arch Capital Group were worth $8,694,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. purchased a new position in shares of Arch Capital Group during the second quarter valued at approximately $30,000. Baldwin Brothers LLC MA boosted its holdings in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth $35,000. LRI Investments LLC bought a new stake in shares of Arch Capital Group in the 1st quarter worth $40,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $46,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were 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 of the company’s stock, valued at approximately $22,723,476.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Down 2.6 %

Arch Capital Group stock opened at $96.02 on Monday. The firm has a 50 day simple moving average of $110.43 and a 200 day simple moving average of $102.79. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The firm has a market capitalization of $36.11 billion, a price-to-earnings ratio of 6.44, a P/E/G ratio of 1.83 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations 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 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 9.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JMP Securities upped their price objective on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Bank of America boosted their price objective on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Roth Mkm raised their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.40.

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.