Asset Management One Co. Ltd. Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Asset Management One Co. Ltd. raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 184,597 shares of the insurance provider’s stock after buying an additional 386 shares during the period. Asset Management One Co. Ltd.’s holdings in Arch Capital Group were worth $20,653,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in Arch Capital Group by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after buying an additional 21,332 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Arch Capital Group by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after buying an additional 519 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock worth $1,266,000 after purchasing an additional 5,684 shares in the last quarter. Swedbank AB purchased a new stake in shares of Arch Capital Group in the 1st quarter worth $25,060,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Arch Capital Group by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider’s stock worth $97,299,000 after purchasing an additional 7,109 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.6 %

ACGL opened at $96.50 on Wednesday. The firm has a 50-day simple moving average of $110.14 and a two-hundred day simple moving average of $102.90. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a market capitalization of $36.29 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. 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) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $2.31 EPS. Analysts forecast that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACGL shares. Roth Mkm upped their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price target for the company. Wells Fargo & Company cut their price target on Arch Capital Group from $126.00 to $118.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup increased their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and a consensus target price of $119.87.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the firm’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 completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by insiders.

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.