BNP Paribas Financial Markets Has $73.78 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

BNP Paribas Financial Markets increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 798,950 shares of the insurance provider's stock after buying an additional 176,097 shares during the period. BNP Paribas Financial Markets owned 0.21% of Arch Capital Group worth $73,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Arch Capital Group by 3.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after purchasing an additional 6,663 shares during the period. Pittenger & Anderson Inc. increased its position in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in shares of Arch Capital Group during the 4th quarter worth approximately $366,000. Northstar Group Inc. lifted its holdings in shares of Arch Capital Group by 5.1% in the 4th quarter. Northstar Group Inc. now owns 122,197 shares of the insurance provider's stock worth $11,285,000 after purchasing an additional 5,947 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Arch Capital Group by 33.7% during the 4th quarter. William Blair Investment Management LLC now owns 624,055 shares of the insurance provider's stock valued at $57,631,000 after acquiring an additional 157,197 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACGL has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Barclays lowered their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Insider Activity at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Stock Down 1.0%

Shares of Arch Capital Group stock traded down $0.98 on Monday, hitting $93.56. 290,173 shares of the company traded hands, compared to its average volume of 1,723,885. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a 50-day moving average price of $92.22 and a 200 day moving average price of $93.83. The company has a market cap of $35.15 billion, a PE ratio of 8.35, a PEG ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Arch Capital Group Company 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.