Daiwa Securities Group Inc. cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 27.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,600 shares of the insurance provider’s stock after selling 2,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Arch Capital Group were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ACGL. CIBC Asset Management Inc boosted its stake in shares of Arch Capital Group by 0.7% in the second quarter. CIBC Asset Management Inc now owns 10,799 shares of the insurance provider’s stock valued at $1,007,000 after buying an additional 78 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of Arch Capital Group by 8.7% in the second quarter. Rothschild Asset Management Inc. now owns 7,540 shares of the insurance provider’s stock valued at $703,000 after buying an additional 605 shares during the last quarter. SG Capital Management LLC boosted its stake in shares of Arch Capital Group by 195.5% in the second quarter. SG Capital Management LLC now owns 164,366 shares of the insurance provider’s stock valued at $15,334,000 after buying an additional 108,735 shares during the last quarter. Sumitomo Life Insurance Co. bought a new stake in shares of Arch Capital Group during the second quarter valued at about $1,396,000. Finally, Parkwood LLC boosted its stake in shares of Arch Capital Group by 49.2% in the second quarter. Parkwood LLC now owns 54,699 shares of the insurance provider’s stock valued at $5,103,000 after buying an additional 18,049 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

Arch Capital Group Ltd. (ACGL) opened at 96.14 on Friday. Arch Capital Group Ltd. has a 52 week low of $74.16 and a 52 week high of $99.47. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 17.49 and a beta of 0.67. The stock has a 50 day moving average price of $96.20 and a 200 day moving average price of $94.79.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

WARNING: “Daiwa Securities Group Inc. Has $616,000 Position in Arch Capital Group Ltd. (ACGL)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/daiwa-securities-group-inc-has-616000-position-in-arch-capital-group-ltd-acgl.html.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods set a $100.00 target price on Arch Capital Group and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Morgan Stanley upped their target price on Arch Capital Group from $90.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $92.55.

In other news, SVP W Preston Hutchings sold 12,500 shares of Arch Capital Group stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total value of $1,210,125.00. Following the completion of the sale, the senior vice president now owns 39,411 shares of the company’s stock, valued at $3,815,378.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Louis T. Petrillo sold 2,990 shares of Arch Capital Group stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $94.98, for a total value of $283,990.20. Following the completion of the sale, the insider now directly owns 56,268 shares of the company’s stock, valued at approximately $5,344,334.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,756 shares of company stock valued at $19,562,718. Company insiders own 6.60% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL).

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.