Nomura Holdings Inc. Takes $1.14 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nomura Holdings Inc. purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,350 shares of the insurance provider's stock, valued at approximately $1,141,000.

Several other institutional investors have also recently added to or reduced their stakes in ACGL. Vanguard Group Inc. raised its position in Arch Capital Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider's stock valued at $3,878,663,000 after buying an additional 182,150 shares during the last quarter. Geode Capital Management LLC raised its position in Arch Capital Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider's stock valued at $1,014,648,000 after buying an additional 180,493 shares during the last quarter. Principal Financial Group Inc. raised its position in Arch Capital Group by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider's stock valued at $759,324,000 after buying an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider's stock valued at $488,992,000 after buying an additional 226,617 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider's stock valued at $451,499,000 after buying an additional 93,226 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACGL. Jefferies Financial Group raised their target price on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. UBS Group decreased their target price on 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. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research report on Wednesday, April 30th. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Barclays decreased their target price on 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Insider Buying and Selling

In related news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the completion of the sale, the chief financial officer now owns 274,681 shares in the company, valued at $25,979,328.98. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock worth $11,586,638 in the last quarter. 4.20% of the stock is owned by insiders.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.10 during trading hours on Friday, reaching $92.07. 977,016 shares of the company's stock traded hands, compared to its average volume of 1,725,197. The stock has a market cap of $34.50 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm's 50 day simple moving average is $92.58 and its 200-day simple moving average is $93.34. 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 issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Arch Capital Group Company 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.