Nordea Investment Management AB grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,300 shares of the insurance provider’s stock after buying an additional 100 shares during the quarter. Nordea Investment Management AB’s holdings in Arch Capital Group were worth $308,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACGL. Parallel Advisors LLC grew its stake in shares of Arch Capital Group by 0.4% in the second quarter. Parallel Advisors LLC now owns 1,356 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 6 shares during the last quarter. Capital One National Association grew its stake in shares of Arch Capital Group by 0.3% in the second quarter. Capital One National Association now owns 2,263 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 7 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Arch Capital Group by 0.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,618 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 22 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Arch Capital Group by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 2,855 shares of the insurance provider’s stock worth $266,000 after purchasing an additional 26 shares during the last quarter. Finally, CIBC Asset Management Inc grew 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 worth $1,007,000 after purchasing an additional 78 shares during the last quarter. 76.91% of the stock is currently owned by hedge funds and other institutional investors.

ACGL has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research note on Wednesday, June 14th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a report on Tuesday, July 4th. Buckingham Research started coverage on shares of Arch Capital Group in a report on Monday, September 11th. They issued a “buy” rating and a $106.00 price objective for the company. Finally, UBS AG lowered their price objective on shares of Arch Capital Group from $114.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $98.13.

Arch Capital Group Ltd. (NASDAQ:ACGL) opened at 98.59 on Thursday. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 17.93 and a beta of 0.66. Arch Capital Group Ltd. has a one year low of $76.47 and a one year high of $100.91. The company has a 50-day moving average of $97.50 and a 200-day moving average of $96.13.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results 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. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. Arch Capital Group’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts forecast that Arch Capital Group Ltd. will post $4.52 EPS for the current fiscal year.

In related news, CFO Mark Donald Lyons sold 9,967 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $97.31, for a total transaction of $969,888.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Constantine Iordanou sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the sale, the chief executive officer now directly owns 171,901 shares of the company’s stock, valued at approximately $16,825,669.88. The disclosure for this sale can be found here. Insiders have sold 195,579 shares of company stock valued at $18,756,983 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

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About Arch Capital Group

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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