Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 29,800 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Arch Capital Group by 18.5%, owning a total of 190,950 shares valued at approximately $18.37 million as of its latest SEC filing.
• Insiders, including CFO Francois Morin, sold a total of 12,630 shares, reducing Morin's ownership by 4.40% to 274,681 shares.
• Arch Capital Group reported a quarterly earnings per share of $2.58, surpassing analyst expectations and showcasing a 19.49% net margin and 15.33% return on equity.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 18.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 190,950 shares of the insurance provider's stock after purchasing an additional 29,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.05% of Arch Capital Group worth $18,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital A Wealth Management LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group in the first quarter valued at approximately $37,000. 89.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the transaction, the chief financial officer owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 2.5%

ACGL opened at $89.95 on Thursday. 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 quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day moving average of $89.46 and a two-hundred day moving average of $91.32. The stock has a market capitalization of $33.57 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 5.39 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the company earned $2.57 earnings per share. On average, research analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACGL. Wells Fargo & Company lowered their target price on shares of 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. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. UBS Group restated a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Citigroup assumed coverage on shares of Arch Capital Group in a research note on Wednesday. They issued a "buy" rating and a $113.00 target price for the company. Finally, Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.06.

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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