4,155,238 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired approximately 4,155,238 shares of Arch Capital Group, representing a stake valued at about $399.7 million, and now holds around 1.11% of the company's stock.
• Recent transactions reveal that Arch Capital Group's CFO sold 12,630 shares at an average price of $94.58, reducing their ownership stake by 4.40%.
• Analysts have varying ratings on Arch Capital Group, with UBS Group maintaining a "buy" rating but adjusting the target price down from $124.00 to $118.00.

Nuveen LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,155,238 shares of the insurance provider's stock, valued at approximately $399,651,000. Nuveen LLC owned approximately 1.11% of Arch Capital Group as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new position in Arch Capital Group during the fourth quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in Arch Capital Group during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its stake in Arch Capital Group by 116.3% during the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Arch Capital Group in the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in Arch Capital Group in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.0%

Shares of NASDAQ:ACGL traded up $0.02 on Friday, hitting $91.48. The company had a trading volume of 909,777 shares, compared to its average volume of 1,928,672. The firm's 50-day simple moving average is $89.40 and its two-hundred day simple moving average is $91.29. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $34.14 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 5.52 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the company posted $2.57 EPS. Equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACGL. Jefferies Financial Group cut 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 note on Tuesday, June 10th. Citigroup began coverage on shares of Arch Capital Group in a research note on Wednesday. They issued a "buy" rating and a $113.00 price objective for the company. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Finally, UBS Group reissued a "buy" rating and set a $118.00 price target (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.13.

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.