Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,045 shares of the insurance provider’s stock after acquiring an additional 6,946 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Arch Capital Group were worth $4,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ACGL. DekaBank Deutsche Girozentrale raised its holdings in shares of Arch Capital Group by 6.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock worth $16,756,000 after acquiring an additional 11,594 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after purchasing an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock worth $16,672,000 after buying an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC purchased a new stake in shares of Arch Capital Group during the third quarter worth about $1,030,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Arch Capital Group by 31.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock valued at $14,945,000 after buying an additional 48,587 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Up 1.0 %

Shares of NASDAQ ACGL opened at $93.85 on Tuesday. The stock has a fifty day moving average price of $89.77 and a 200 day moving average price of $84.14. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $69.05 and a 12-month high of $95.01. The company has a market cap of $35.21 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.16 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter last year, the firm earned $2.14 earnings per share. Research analysts anticipate that Arch Capital Group Ltd. will post 8.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACGL. 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. TD Cowen started coverage on Arch Capital Group in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $96.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $100.00 price target on shares of Arch Capital Group in a report on Monday, April 15th. Citigroup cut their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Finally, StockNews.com downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.23.

Insider Activity

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Capital Group news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were 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 of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 over the last 90 days. Company insiders own 4.00% of the company’s stock.

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.