Resona Asset Management Co. Ltd. Raises Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Arch Capital Group Ltd. by 6.9% in Q1, now holding 152,475 shares worth approximately $14.64 million.
• Institutional investors and hedge funds control 89.07% of Arch Capital Group's stock, indicating significant institutional interest in the company.
• Arch Capital reported a net margin of 19.49% and a return on equity of 15.33%, exceeding earnings expectations with EPS of $2.58 for the recent quarter.

Resona Asset Management Co. Ltd. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,475 shares of the insurance provider's stock after acquiring an additional 9,876 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Arch Capital Group were worth $14,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Arch Capital Group in the fourth quarter valued at about $537,000. Raymond James Financial Inc. purchased a new position in shares of Arch Capital Group during the 4th quarter worth approximately $41,876,000. Townsquare Capital LLC increased its stake in shares of Arch Capital Group by 72.2% during the 4th quarter. Townsquare Capital LLC now owns 13,719 shares of the insurance provider's stock worth $1,267,000 after purchasing an additional 5,750 shares in the last quarter. Advisors Capital Management LLC increased its stake in shares of Arch Capital Group by 18.9% during the 4th quarter. Advisors Capital Management LLC now owns 3,760 shares of the insurance provider's stock worth $347,000 after purchasing an additional 597 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Arch Capital Group by 3.0% during the 4th quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock worth $438,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $0.74 on Friday, reaching $90.72. The company's stock had a trading volume of 3,051,822 shares, compared to its average volume of 2,644,230. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50-day simple moving average of $89.30 and a 200 day simple moving average of $91.24. The company has a market cap of $33.86 billion, a P/E ratio of 9.36, a PEG ratio of 5.56 and a beta of 0.49. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 firm earned $2.57 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACGL. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research note on Thursday. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Cantor Fitzgerald upgraded shares of Arch Capital Group to a "hold" rating in a research note on Wednesday. Finally, Citigroup began coverage on shares of Arch Capital Group in a report on Wednesday. They issued a "buy" rating and a $113.00 price target for the company. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.13.

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.