Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 6.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,561 shares of the insurance provider’s stock after buying an additional 2,095 shares during the period. Daiwa Securities Group Inc.’s holdings in Arch Capital Group were worth $2,492,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the 4th quarter worth about $27,000. CENTRAL TRUST Co boosted its stake in Arch Capital Group by 57.3% in the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock worth $32,000 after buying an additional 252 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Arch Capital Group by 151.0% in the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after buying an additional 299 shares during the last quarter. Steward Financial Group LLC boosted its stake in Arch Capital Group by 180.7% in the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after buying an additional 338 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $47,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $92.93 on Monday. 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 one year low of $69.05 and a one year high of $95.01. The stock’s 50 day moving average price is $89.55 and its 200 day moving average price is $84.05. The firm has a market capitalization of $34.86 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business earned $2.14 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the topic of several research analyst reports. Evercore ISI lifted their price objective on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Citigroup reduced their price objective on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, January 22nd. Morgan Stanley lifted their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 price objective on shares of Arch Capital Group in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.23.

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.