First Hawaiian Bank Boosts Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

First Hawaiian Bank raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,853 shares of the insurance provider's stock after buying an additional 4,580 shares during the period. First Hawaiian Bank's holdings in Arch Capital Group were worth $1,525,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACGL. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group in the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Arch Capital Group during the 4th quarter valued at $58,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

NASDAQ:ACGL traded down $0.16 during mid-day trading on Wednesday, reaching $95.66. The stock had a trading volume of 258,015 shares, compared to its average volume of 1,683,786. The stock has a 50-day simple moving average of $92.62 and a two-hundred day simple moving average of $93.03. The stock has a market capitalization of $35.85 billion, a PE ratio of 8.54, a P/E/G ratio of 2.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month 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 analysts' consensus estimates of $1.59 by ($0.05). The company 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 17.96% and a net margin of 24.73%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the transaction, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock valued at $10,531,038 over the last 90 days. 4.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group dropped their target price on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Barclays lowered their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $115.00.

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.