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

Nomura Holdings Inc. bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,350 shares of the insurance provider's stock, valued at approximately $1,141,000.

A number of other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC raised its holdings 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 worth $451,499,000 after acquiring an additional 93,226 shares during the last quarter. Millennium Management LLC raised its stake in shares of Arch Capital Group by 111.5% in the fourth quarter. Millennium Management LLC now owns 820,923 shares of the insurance provider's stock worth $75,812,000 after purchasing an additional 432,857 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Arch Capital Group by 8.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 113,532 shares of the insurance provider's stock valued at $10,485,000 after purchasing an additional 9,229 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Arch Capital Group by 11.2% during the fourth quarter. Janus Henderson Group PLC now owns 49,944 shares of the insurance provider's stock valued at $4,613,000 after buying an additional 5,028 shares during the last quarter. Finally, Gotham Asset Management LLC increased its holdings in Arch Capital Group by 6.9% in the 4th quarter. Gotham Asset Management LLC now owns 15,493 shares of the insurance provider's stock worth $1,431,000 after buying an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Arch Capital Group stock traded down $0.88 during midday trading on Thursday, hitting $91.97. The stock had a trading volume of 1,111,466 shares, compared to its average volume of 1,727,385. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The company has a market capitalization of $34.47 billion, a PE ratio of 8.21, a P/E/G ratio of 2.31 and a beta of 0.57. The firm's fifty day moving average is $92.67 and its two-hundred day moving average is $93.45. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.

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). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ACGL shares. Royal Bank of Canada lowered their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on Arch Capital Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

Insider Buying and Selling

In other Arch Capital Group news, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. The trade was a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,576 shares of company stock worth $11,586,638. 4.20% of the stock is owned by corporate insiders.

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.