Asset Management One Co. Ltd. Purchases 9,832 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Asset Management One Co. Ltd. grew its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 169,080 shares of the insurance provider's stock after buying an additional 9,832 shares during the period. Asset Management One Co. Ltd.'s holdings in Arch Capital Group were worth $16,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after buying an additional 110 shares during the period. Cim LLC increased its stake in shares of Arch Capital Group by 1.1% in the 4th quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after buying an additional 124 shares during the period. CreativeOne Wealth LLC increased its stake in shares of Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after buying an additional 126 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Arch Capital Group by 5.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after buying an additional 127 shares during the period. Finally, Aurora Investment Managers LLC. increased its stake in shares of Arch Capital Group by 0.6% in the 1st quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after buying an additional 135 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Barclays decreased 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 note on Friday, April 11th. Finally, Wells Fargo & Company lifted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.63.

Insiders Place Their Bets

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was 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 in the company, valued at $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares in the company, valued at approximately $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,976 shares of company stock worth $10,531,038. Corporate insiders own 4.10% of the company's stock.

Arch Capital Group Trading Up 0.0%

ACGL stock traded up $0.03 during midday trading on Friday, hitting $90.32. 2,285,246 shares of the company's stock were exchanged, compared to its average volume of 1,693,748. The stock's fifty day moving average price is $92.39 and its 200-day moving average price is $92.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $33.85 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 6.24 and a beta of 0.53. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.