Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Czech National Bank

Czech National Bank increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 86,103 shares of the insurance provider's stock after acquiring an additional 4,856 shares during the period. Czech National Bank's holdings in Arch Capital Group were worth $8,281,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ACGL. Oregon Public Employees Retirement Fund grew its holdings in Arch Capital Group by 0.3% during 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 purchasing an additional 110 shares in the last quarter. Cim LLC lifted its stake in shares of Arch Capital Group by 1.1% in the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock worth $1,034,000 after acquiring an additional 124 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in Arch Capital Group by 4.9% in the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 127 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in Arch Capital Group by 4.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity

In other news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider now directly owns 140,023 shares of the company's stock, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,976 shares of company stock worth $10,531,038 over the last three months. Corporate insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ACGL shares. Royal Bank of Canada decreased their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, JMP Securities reiterated 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. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $115.00.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.18 on Thursday, hitting $94.57. The company's stock had a trading volume of 816,092 shares, compared to its average volume of 1,684,571. The company has a market capitalization of $35.44 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock's 50-day moving average is $92.61 and its two-hundred day moving average is $93.04.

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