Czech National Bank Grows Stake in Arch Capital Group Ltd. $ACGL

Key Points

• Czech National Bank increased its holdings in Arch Capital Group Ltd. by 6.0% during the second quarter, owning 91,229 shares valued at approximately $8.3 million.
• Arch Capital Group reported earnings of $2.58 per share for the last quarter, exceeding analysts' expectations of $2.30, with revenue of $4.35 billion.
• As of now, Arch Capital Group has a market capitalization of $32.6 billion and an average rating of "Moderate Buy" from analysts with a target price of $111.27.

Czech National Bank increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,229 shares of the insurance provider's stock after buying an additional 5,126 shares during the period. Czech National Bank's holdings in Arch Capital Group were worth $8,306,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Chemistry Wealth Management LLC grew its stake in shares of Arch Capital Group by 12.8% in the 2nd quarter. Chemistry Wealth Management LLC now owns 9,904 shares of the insurance provider's stock valued at $902,000 after buying an additional 1,125 shares during the period. Parallel Advisors LLC grew its stake in shares of Arch Capital Group by 34.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,160 shares of the insurance provider's stock valued at $288,000 after buying an additional 808 shares during the period. Park National Corp OH grew its stake in shares of Arch Capital Group by 4.4% in the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider's stock valued at $261,000 after buying an additional 120 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of Arch Capital Group by 17.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 3,761 shares of the insurance provider's stock valued at $342,000 after buying an additional 562 shares during the period. Finally, Swedbank AB boosted its stake in Arch Capital Group by 7.8% during the 1st quarter. Swedbank AB now owns 1,360,830 shares of the insurance provider's stock valued at $130,885,000 after purchasing an additional 98,873 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACGL shares. Citigroup started coverage on Arch Capital Group in a research note on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and cut their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $109.36.

Arch Capital Group Stock Performance

ACGL stock traded up $0.21 during midday trading on Friday, reaching $88.40. 4,190,225 shares of the company's stock traded hands, compared to its average volume of 1,829,925. The company has a 50-day moving average price of $89.78 and a two-hundred day moving average price of $91.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The firm has a market capitalization of $32.99 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 5.41 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Transactions at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by insiders.

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.