Northwestern Mutual Wealth Management Co. raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 196.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,932 shares of the insurance provider’s stock after buying an additional 11,226 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Arch Capital Group were worth $448,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its holdings in shares of Arch Capital Group by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 289,897 shares of the insurance provider’s stock worth $24,813,000 after purchasing an additional 16,481 shares during the period. Royal Bank of Canada grew its holdings in shares of Arch Capital Group by 52.5% during the 1st quarter. Royal Bank of Canada now owns 98,427 shares of the insurance provider’s stock worth $8,425,000 after purchasing an additional 33,879 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of Arch Capital Group by 200.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 38,604 shares of the insurance provider’s stock worth $1,021,000 after purchasing an additional 25,736 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Arch Capital Group by 181.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,984 shares of the insurance provider’s stock worth $819,000 after purchasing an additional 19,959 shares during the period. Finally, Greenleaf Trust grew its holdings in shares of Arch Capital Group by 200.4% during the 2nd quarter. Greenleaf Trust now owns 115,824 shares of the insurance provider’s stock worth $3,065,000 after purchasing an additional 77,265 shares during the period. Institutional investors own 80.58% of the company’s stock.

In related news, CEO Andrew Rippert sold 6,170 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $80.88, for a total transaction of $499,029.60. Following the completion of the transaction, the chief executive officer now directly owns 33,489 shares in the company, valued at approximately $2,708,590.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francois Morin sold 1,938 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $83.11, for a total value of $161,067.18. Following the transaction, the chief financial officer now owns 8,902 shares of the company’s stock, valued at $739,845.22. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Arch Capital Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 6th. Wells Fargo & Co reiterated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 20th. BidaskClub cut Arch Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. TheStreet upgraded Arch Capital Group from a “c” rating to a “b-” rating in a report on Monday, July 30th. Finally, Bank of America increased their price target on Arch Capital Group from $28.00 to $30.00 and gave the stock an “underperform” rating in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Arch Capital Group presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Shares of Arch Capital Group stock opened at $30.28 on Friday. Arch Capital Group Ltd. has a 12 month low of $25.71 and a 12 month high of $34.20. The stock has a market cap of $12.30 billion, a P/E ratio of 28.30, a PEG ratio of 1.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.75 and a quick ratio of 0.75.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 31st. The insurance provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Arch Capital Group had a return on equity of 6.86% and a net margin of 10.47%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the business posted $1.21 EPS. equities analysts expect that Arch Capital Group Ltd. will post 2.23 EPS for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; 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.

See Also: What is a Fiduciary?

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