D.A. Davidson & CO. Has $4.38 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

D.A. Davidson & CO. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 10.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,552 shares of the insurance provider's stock after purchasing an additional 4,460 shares during the period. D.A. Davidson & CO.'s holdings in Arch Capital Group were worth $4,381,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Arch Capital Group during the 4th quarter worth $437,291,000. Madison Investment Advisors LLC bought a new position in Arch Capital Group during the 4th quarter worth $410,010,000. First Trust Advisors LP grew its stake in Arch Capital Group by 663.3% during the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares during the last quarter. Marshall Wace LLP bought a new position in Arch Capital Group during the 4th quarter worth $151,342,000. Finally, Egerton Capital UK LLP grew its stake in Arch Capital Group by 25.8% during the 4th quarter. Egerton Capital UK LLP now owns 3,987,972 shares of the insurance provider's stock worth $368,289,000 after buying an additional 816,750 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Trading Up 0.8%

ACGL stock traded up $0.69 during midday trading on Friday, hitting $89.07. 1,964,531 shares of the company's stock were exchanged, compared to its average volume of 1,714,709. The stock's fifty day moving average price is $92.21 and its 200-day moving average price is $92.11. 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 $33.38 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 6.17 and a beta of 0.51. 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 issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Wells Fargo & Company boosted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, JMP Securities reiterated a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.27.

Insider Buying and Selling

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group 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 owned 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the completion of the sale, the insider directly owned 579,218 shares in the company, valued at approximately $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock worth $10,531,038 in the last three months. Insiders own 4.20% of the company's stock.

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.