Y Intercept Hong Kong Ltd Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Y Intercept Hong Kong Ltd increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 91.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,517 shares of the insurance provider's stock after purchasing an additional 6,949 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Arch Capital Group were worth $1,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Arch Capital Group by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after acquiring an additional 6,406 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Arch Capital Group in the first quarter worth about $251,000. D.A. Davidson & CO. lifted its position in shares of Arch Capital Group by 10.9% in the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock worth $4,381,000 after buying an additional 4,460 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Arch Capital Group by 24.7% during 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 grew its holdings in Arch Capital Group by 114.1% during 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 own 89.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $101.00 price objective (down from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. UBS Group upped their price target on shares of Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research note on Monday, May 19th. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $106.00 to $100.00 in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $113.60.

Arch Capital Group Trading Up 1.0%

ACGL stock traded up $0.89 during mid-day trading on Friday, reaching $88.89. The company had a trading volume of 2,552,610 shares, compared to its average volume of 2,684,975. The company has a market capitalization of $33.31 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 6.18 and a beta of 0.51. The firm has a 50 day moving average of $91.01 and a 200 day moving average of $91.79. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.45 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider directly owned 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,194,545.40. Following the transaction, the chief financial officer directly owned 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock valued at $10,531,038 over the last 90 days. 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.