Stratos Wealth Partners LTD. Sells 3,419 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Stratos Wealth Partners LTD. cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 47.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,805 shares of the insurance provider’s stock after selling 3,419 shares during the period. Stratos Wealth Partners LTD.’s holdings in Arch Capital Group were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ACGL. Capital One National Association increased its stake in Arch Capital Group by 0.3% in the second quarter. Capital One National Association now owns 2,263 shares of the insurance provider’s stock worth $211,000 after buying an additional 7 shares in the last quarter. Creative Planning increased its stake in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock worth $323,000 after buying an additional 19 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Arch Capital Group by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,618 shares of the insurance provider’s stock worth $248,000 after buying an additional 22 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Arch Capital Group by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 2,855 shares of the insurance provider’s stock worth $266,000 after buying an additional 26 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC increased its stake in Arch Capital Group by 0.3% in the first quarter. Arthur M. Cohen & Associates LLC now owns 11,875 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 31 shares in the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Ltd. (ACGL) traded down 0.22% during trading on Friday, hitting $96.17. The stock had a trading volume of 340,370 shares. Arch Capital Group Ltd. has a 1-year low of $76.47 and a 1-year high of $99.47. The firm has a 50 day moving average price of $96.64 and a 200-day moving average price of $95.07. The firm has a market capitalization of $12.93 billion, a PE ratio of 17.49 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $1.13 EPS. Arch Capital Group’s revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts expect that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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A number of analysts recently issued reports on the company. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, April 26th. Morgan Stanley lifted their target price on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. BidaskClub raised Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 target price on shares of Arch Capital Group in a research report on Tuesday, July 4th. Finally, Zacks Investment Research downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.10.

In other news, CEO Constantine Iordanou sold 50,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,901 shares in the company, valued at approximately $16,825,669.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP W Preston Hutchings sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the transaction, the senior vice president now owns 39,411 shares of the company’s stock, valued at $3,815,378.91. The disclosure for this sale can be found here. Insiders have sold a total of 183,756 shares of company stock valued at $17,654,918 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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