Rakuten Securities Inc. Makes New $3.75 Million Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Rakuten Securities Inc. purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,459 shares of the insurance provider's stock, valued at approximately $3,748,000. Arch Capital Group makes up 3.0% of Rakuten Securities Inc.'s portfolio, making the stock its 6th biggest position.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Arch Capital Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 34,253,429 shares of the insurance provider's stock worth $1,658,551,000 after acquiring an additional 846,179 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Arch Capital Group by 2.1% in the 1st quarter. BlackRock Inc. now owns 26,059,274 shares of the insurance provider's stock valued at $1,768,643,000 after buying an additional 534,690 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $866,650,000. State Street Corp boosted its holdings in shares of Arch Capital Group by 0.8% in the 3rd quarter. State Street Corp now owns 8,149,909 shares of the insurance provider's stock valued at $371,147,000 after buying an additional 64,171 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Arch Capital Group by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 7,902,500 shares of the insurance provider's stock valued at $535,165,000 after buying an additional 121,919 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Maamoun Rajeh sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total value of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares in the company, valued at $29,408,151.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total value of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total value of $4,374,000.00. Following the completion of the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,689 shares of company stock worth $11,872,217. Company insiders own 4.00% of the company's stock.

Arch Capital Group Stock Performance

Shares of ACGL traded down $0.23 during midday trading on Wednesday, reaching $90.63. 1,015,983 shares of the stock were exchanged, compared to its average volume of 1,726,713. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $95.01. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $34.00 billion, a P/E ratio of 7.80, a PEG ratio of 1.12 and a beta of 0.57. The stock's 50 day simple moving average is $89.19 and its 200 day simple moving average is $83.84.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.55. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm earned $2.14 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Friday, February 16th. JPMorgan Chase & Co. raised their price target on Arch Capital Group from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, April 8th. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a report on Monday, March 11th. UBS Group cut their price target on Arch Capital Group from $101.00 to $97.00 and set a "buy" rating for the company in a report on Wednesday, January 10th. Finally, Wells Fargo & Company raised their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $96.23.

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.