First Hawaiian Bank Boosts Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• First Hawaiian Bank increased its holdings in Arch Capital Group Ltd. by 40.6%, acquiring an additional 4,580 shares, bringing its total holdings to 15,853 shares valued at approximately $1,525,000.
• Arch Capital Group's stock has been given a consensus rating of "Moderate Buy" by analysts, with price targets ranging from $102.00 to $118.00.
• Insider Maamoun Rajeh sold 10,000 shares at an average price of $94.15, resulting in a total transaction value of $941,500, which represents a 2.25% decrease in his ownership of the stock.

First Hawaiian Bank raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 40.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,853 shares of the insurance provider's stock after acquiring an additional 4,580 shares during the quarter. First Hawaiian Bank's holdings in Arch Capital Group were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ACGL. Gotham Asset Management LLC grew its position in Arch Capital Group by 6.9% in the 4th quarter. Gotham Asset Management LLC now owns 15,493 shares of the insurance provider's stock valued at $1,431,000 after acquiring an additional 1,006 shares during the last quarter. Janus Henderson Group PLC grew its position in Arch Capital Group by 11.2% in the 4th quarter. Janus Henderson Group PLC now owns 49,944 shares of the insurance provider's stock valued at $4,613,000 after acquiring an additional 5,028 shares during the last quarter. Nomura Holdings Inc. bought a new position in Arch Capital Group in the 4th quarter valued at $1,141,000. Nissay Asset Management Corp Japan ADV grew its position in shares of Arch Capital Group by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 45,114 shares of the insurance provider's stock worth $4,166,000 after buying an additional 416 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Arch Capital Group by 2.0% during the fourth quarter. Quantinno Capital Management LP now owns 73,951 shares of the insurance provider's stock valued at $6,829,000 after purchasing an additional 1,466 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent research reports. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Jefferies Financial Group cut Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods increased 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. Wolfe Research started coverage on Arch Capital Group in a research note on Monday. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.27.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by company insiders.

Arch Capital Group Stock Performance

ACGL stock traded up $1.06 during trading on Thursday, hitting $88.41. 731,729 shares of the company traded hands, compared to its average volume of 1,922,397. The stock's 50-day simple moving average is $89.78 and its 200 day simple moving average is $91.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $32.99 billion, a PE ratio of 9.12, a P/E/G ratio of 5.35 and a beta of 0.51. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same period last year, the business earned $2.57 earnings per share. On average, equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.