Norinchukin Bank The Purchases 2,756 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Norinchukin Bank increased its stake in Arch Capital Group Ltd. by 15.8%, acquiring an additional 2,756 shares, bringing its total holdings to 20,164 shares valued at approximately $1.94 million.
• As of the latest reports, institutional investors hold 89.07% of Arch Capital Group's stock, reflecting strong interest from major funds.
• Arch Capital Group reported earnings of $2.58 EPS for the last quarter, beating analysts' expectations and showcasing a healthy revenue of $4.35 billion.

Norinchukin Bank The boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 15.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,164 shares of the insurance provider's stock after purchasing an additional 2,756 shares during the quarter. Norinchukin Bank The's holdings in Arch Capital Group were worth $1,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Arch Capital Group by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock worth $4,924,000 after purchasing an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Arch Capital Group in the 1st quarter valued at approximately $251,000. D.A. Davidson & CO. raised its position in shares of Arch Capital Group by 10.9% in the 1st 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 in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Arch Capital Group by 24.7% in the 1st 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 in the last quarter. Finally, World Investment Advisors raised its position in shares of Arch Capital Group by 114.1% in the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after buying an additional 3,369 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.9%

ACGL traded up $0.81 during trading on Wednesday, reaching $91.71. 994,661 shares of the company's stock were exchanged, compared to its average volume of 1,924,778. The firm has a fifty day moving average price of $89.48 and a two-hundred day moving average price of $91.18. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The stock has a market capitalization of $34.23 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 5.63 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 EPS 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm posted $2.57 EPS. As a group, equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company's stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of several analyst reports. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Citigroup assumed coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They issued a "buy" rating and a $113.00 target price for the company. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. Finally, Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $111.27.

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.