First Hawaiian Bank Acquires 4,580 Shares of 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 lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 40.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,853 shares of the insurance provider's stock after purchasing 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 SEC filing.

Several other hedge funds also recently made changes to their positions in ACGL. Capital A Wealth Management LLC bought a new position in shares of Arch Capital Group during the fourth quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Arch Capital Group during the first quarter worth approximately $27,000. Meeder Asset Management Inc. increased its holdings in shares of Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after purchasing an additional 150 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $37,000. 89.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACGL has been the topic of several analyst reports. Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Citigroup initiated coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price target on the stock. UBS Group reiterated a "buy" rating and set a $118.00 price target (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company reduced their price target on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.27.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the firm'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 owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $92.26 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. 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 firm has a market capitalization of $34.43 billion, a P/E ratio of 9.52, a P/E/G ratio of 5.65 and a beta of 0.51. The company's 50 day moving average price is $89.83 and its two-hundred day moving average price is $91.38.

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 for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter last year, the business posted $2.57 earnings per share. On average, equities analysts forecast 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.

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