Daiwa Securities Group Inc. Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Daiwa Securities Group Inc. increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLFree Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,561 shares of the insurance provider’s stock after acquiring an additional 2,095 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Arch Capital Group were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Arch Capital Group during the 4th quarter valued at about $27,000. First Horizon Advisors Inc. boosted its position in shares of Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 299 shares during the last quarter. Steward Financial Group LLC boosted its position in shares of Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 338 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Arch Capital Group during the 2nd quarter valued at about $47,000. Finally, CVA Family Office LLC acquired a new position in shares of Arch Capital Group during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $98.00 target price on shares of Arch Capital Group in a research report on Friday, February 16th. Evercore ISI upped their target price on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. TD Cowen assumed coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, UBS Group decreased their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

Read Our Latest Analysis on ACGL

Insider Buying and Selling

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,689 shares of company stock worth $11,872,217. Company insiders own 4.00% of the company’s stock.

Arch Capital Group Stock Up 1.7 %

ACGL stock opened at $92.93 on Monday. The company’s 50 day moving average price is $89.55 and its 200 day moving average price is $84.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.57. Arch Capital Group Ltd. has a fifty-two week low of $69.05 and a fifty-two week high of $95.01. The firm has a market capitalization of $34.86 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the firm earned $2.14 earnings per share. On average, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Arch Capital Group Company Profile

(Free Report)

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.

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

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