Arch Capital Group Ltd. $ACGL Stock Holdings Lifted by Diamant Asset Management Inc.

Diamant Asset Management Inc. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7,841.6% in the first quarter, Holdings Channel.com reports. The fund owned 275,971 shares of the insurance provider’s stock after buying an additional 272,496 shares during the quarter. Diamant Asset Management Inc.’s holdings in Arch Capital Group were worth $27,597,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Arch Capital Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock worth $282,405,000 after buying an additional 121,090 shares during the period. National Pension Service lifted its position in shares of Arch Capital Group by 8.5% in the 4th quarter. National Pension Service now owns 683,272 shares of the insurance provider’s stock valued at $65,539,000 after acquiring an additional 53,661 shares in the last quarter. Natixis Advisors LLC boosted its stake in Arch Capital Group by 9.5% in the 3rd quarter. Natixis Advisors LLC now owns 1,951,019 shares of the insurance provider’s stock worth $177,016,000 after purchasing an additional 168,922 shares during the period. Asset Management One Co. Ltd. boosted its stake in Arch Capital Group by 10.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 187,002 shares of the insurance provider’s stock worth $18,024,000 after purchasing an additional 17,923 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Arch Capital Group by 50.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,548,042 shares of the insurance provider’s stock worth $148,488,000 after purchasing an additional 518,527 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $97.54 on Friday. The firm has a market cap of $34.08 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 4.88 and a beta of 0.32. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $93.65 and a 200 day simple moving average of $95.03.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACGL shares. JPMorgan Chase & Co. dropped their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Wells Fargo & Company raised their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Mizuho lowered their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Barclays upped their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and an average target price of $106.81.

Insider Activity

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the purchase, the director owned 9,915 shares in the company, valued at $932,803.20. This represents a 114.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The disclosure for this sale is available in the SEC filing. 3.30% of the stock is owned by insiders.

Arch Capital Group Profile

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.