Arch Capital Group Ltd. $ACGL Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

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 lifted 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 Form 13F filing with the SEC. The fund owned 190,950 shares of the insurance provider's stock after acquiring an additional 29,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.05% of Arch Capital Group worth $18,366,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Arch Capital Group by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after buying an additional 6,406 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in Arch Capital Group in the first quarter valued at about $251,000. D.A. Davidson & CO. increased its holdings in Arch Capital Group by 10.9% in the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock valued at $4,381,000 after buying an additional 4,460 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Arch Capital Group by 24.7% in the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock valued at $3,619,000 after buying an additional 7,448 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Arch Capital Group by 114.1% in the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after acquiring an additional 3,369 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACGL shares. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. UBS Group reissued a "buy" rating and issued a $118.00 price target (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a report on Thursday. Citigroup initiated coverage on Arch Capital Group in a report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price target on the stock. Finally, Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $112.13.

Arch Capital Group Price Performance

ACGL traded down $0.37 during trading on Monday, reaching $90.35. The stock had a trading volume of 1,929,056 shares, compared to its average volume of 1,942,785. The firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 5.56 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The stock has a 50 day moving average of $89.30 and a two-hundred day moving average of $91.22.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $2.57 earnings per share. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS 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.