50,459 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 50,459 shares of the insurance provider’s stock, valued at approximately $3,748,000. Arch Capital Group makes up 3.0% of Rakuten Securities Inc.’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors have also recently bought and sold shares of ACGL. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group during the 4th quarter worth about $27,000. CENTRAL TRUST Co boosted its position in Arch Capital Group by 57.3% during the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 252 shares during the period. First Horizon Advisors Inc. boosted its position in Arch Capital Group by 151.0% during the 1st quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 299 shares during the period. Steward Financial Group LLC boosted its position in Arch Capital Group by 180.7% during the 3rd quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 338 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

ACGL traded down $0.79 on Wednesday, hitting $90.07. The company had a trading volume of 352,377 shares, compared to its average volume of 1,717,537. The company’s fifty day moving average price is $89.07 and its 200 day moving average price is $83.79. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $33.79 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, topping the consensus estimate of $1.94 by $0.55. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $2.14 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ACGL shares. Evercore ISI lifted their price target on Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup reduced their price target on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, January 22nd. TD Cowen started coverage on Arch Capital Group in a report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Morgan Stanley lifted their price target on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

Insider Activity

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

Arch Capital Group 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.