Laurion Capital Management LP acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,493 shares of the insurance provider’s stock, valued at approximately $1,632,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ACGL. Legal & General Group Plc raised its holdings in shares of Arch Capital Group by 7.7% in the 1st quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock valued at $64,162,000 after acquiring an additional 48,635 shares in the last quarter. Swiss National Bank raised its holdings in shares of Arch Capital Group by 8.0% in the 2nd quarter. Swiss National Bank now owns 842,768 shares of the insurance provider’s stock valued at $78,622,000 after acquiring an additional 62,700 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $1,232,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Arch Capital Group by 33.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock valued at $7,113,000 after acquiring an additional 18,822 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Arch Capital Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock valued at $172,456,000 after acquiring an additional 12,071 shares in the last quarter. 76.91% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 price target on shares of Arch Capital Group in a report on Thursday. UBS AG lowered their price target on Arch Capital Group from $114.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Buckingham Research assumed coverage on Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price target on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. Finally, BidaskClub raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.22.

In related news, CFO Mark Donald Lyons sold 9,967 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.31, for a total value of $969,888.77. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicolas Papadopoulo sold 38,918 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $97.23, for a total value of $3,783,997.14. Following the completion of the sale, the chief executive officer now owns 182,035 shares in the company, valued at $17,699,263.05. The disclosure for this sale can be found here. Insiders sold 195,579 shares of company stock worth $18,756,983 over the last quarter. 6.60% of the stock is owned by company insiders.

Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 98.09 on Friday. Arch Capital Group Ltd. has a one year low of $76.47 and a one year high of $99.47. The company’s 50 day moving average price is $96.62 and its 200-day moving average price is $95.63. The stock has a market capitalization of $13.19 billion, a PE ratio of 17.84 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $1.25 billion for 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 firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Analysts expect that Arch Capital Group Ltd. will post $5.37 earnings per share for the current year.

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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.

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

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