Arch Capital Group Ltd. $ACGL Stock Holdings Increased by Swedbank AB

Swedbank AB raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 11.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,899,260 shares of the insurance provider’s stock after purchasing an additional 201,474 shares during the period. Swedbank AB’s holdings in Arch Capital Group were worth $172,320,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ACGL. Mainstay Capital Management LLC ADV acquired a new stake in shares of Arch Capital Group in the 2nd quarter valued at $363,000. Bryn Mawr Trust Advisors LLC bought a new position in Arch Capital Group during the second quarter valued at about $371,000. OMERS ADMINISTRATION Corp lifted its position in shares of Arch Capital Group by 42.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock worth $4,331,000 after buying an additional 13,357 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Arch Capital Group by 550.1% during the 2nd quarter. Osaic Holdings Inc. now owns 109,984 shares of the insurance provider’s stock worth $10,513,000 after acquiring an additional 93,067 shares in the last quarter. Finally, Connecticut Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter valued at about $6,173,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $98.00 target price on shares of Arch Capital Group in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $108.00 price objective on shares of Arch Capital Group and gave the stock an “outperform” rating in a report on Monday, November 24th. Barclays set a $99.00 target price on shares of Arch Capital Group and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.00.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $96.96 on Wednesday. The stock has a market cap of $35.16 billion, a P/E ratio of 9.07, a PEG ratio of 2.26 and a beta of 0.47. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $97.60. The company has a fifty day moving average price of $90.96 and a 200 day moving average price of $90.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $1.01. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same period last year, the business posted $1.99 EPS. Analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the sale, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the sale, the insider owned 289,556 shares in the company, valued at approximately $27,267,488.52. This represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 220,666 shares of company stock worth $20,728,673. 4.10% of the stock is owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.