Arch Capital Group Ltd. $ACGL Shares Acquired by National Pension Service

Key Points

• The National Pension Service increased its holdings in Arch Capital Group Ltd. by 7.5%, acquiring an additional 41,623 shares, bringing its total ownership to approximately 593,853 shares valued at $57.1 million.
• Multiple institutional investors have also significantly increased their stakes in Arch Capital, with notable increases including a 663.3% boost by First Trust Advisors and a 10,817.9% increase by GAMMA Investing.
• Wall Street analysts are generally bullish on Arch Capital, with a consensus rating of "Moderate Buy" and an average target price of $112.13, despite some mixed ratings from various firms in recent reports.

National Pension Service increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 593,853 shares of the insurance provider's stock after buying an additional 41,623 shares during the period. National Pension Service owned about 0.16% of Arch Capital Group worth $57,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC raised its position in Arch Capital Group by 72.2% during the fourth quarter. Townsquare Capital LLC now owns 13,719 shares of the insurance provider's stock worth $1,267,000 after acquiring an additional 5,750 shares during the last quarter. Synovus Financial Corp raised its position in Arch Capital Group by 3.0% during the fourth quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock worth $438,000 after acquiring an additional 139 shares during the last quarter. CreativeOne Wealth LLC raised its position in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring an additional 126 shares during the last quarter. Jump Financial LLC raised its position in Arch Capital Group by 6.9% during the fourth quarter. Jump Financial LLC now owns 3,384 shares of the insurance provider's stock worth $313,000 after acquiring an additional 218 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its position in Arch Capital Group by 1.4% during the fourth quarter. United Capital Financial Advisors LLC now owns 12,062 shares of the insurance provider's stock worth $1,114,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACGL. Citigroup began coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 price objective for the company. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.37 on Monday, reaching $90.35. 1,921,198 shares of the company's stock were exchanged, compared to its average volume of 1,937,382. The firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 5.56 and a beta of 0.49. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The business's 50-day moving average is $89.30 and its two-hundred day moving average is $91.22. 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 (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, topping analysts' consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $2.57 earnings per share. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Profile

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.