Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Increased by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,455,949 shares of the insurance provider’s stock after buying an additional 316,070 shares during the period. Legal & General Group Plc’s holdings in Arch Capital Group were worth $348,671,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its stake in Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Arch Capital Group by 61.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares during the period. Principal Financial Group Inc. lifted its position in shares of Arch Capital Group by 11.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after buying an additional 693,608 shares during the last quarter. Gladstone Capital Management LLP boosted its holdings in shares of Arch Capital Group by 52.8% in the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after buying an additional 478,570 shares during the period. Finally, Natixis Advisors LLC grew its position in shares of Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.7 %

Arch Capital Group stock opened at $113.41 on Friday. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $114.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $42.58 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60. The firm has a 50 day simple moving average of $105.74 and a 200-day simple moving average of $99.82.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company posted $1.92 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Evercore ISI boosted their price objective on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Wednesday, July 31st. Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $120.00 price objective for the company. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Citigroup upped their price target on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.20% of the company’s stock.

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.