BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 22,051 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 949,028 shares of the insurance provider’s stock after selling 22,051 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.25% of Arch Capital Group worth $95,747,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Arch Capital Group by 19.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock valued at $6,621,000 after acquiring an additional 14,233 shares during the period. Gladstone Capital Management LLP raised its holdings in Arch Capital Group by 52.8% in the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after purchasing an additional 478,570 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Arch Capital Group by 61.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after purchasing an additional 1,216,080 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Arch Capital Group by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after buying an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp boosted its holdings in shares of Arch Capital Group by 42.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock valued at $5,045,000 after buying an additional 16,208 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock traded up $0.28 during trading hours on Friday, hitting $113.09. The company’s stock had a trading volume of 2,739,205 shares, compared to its average volume of 1,632,213. The stock has a market cap of $42.46 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 1.86 and a beta of 0.58. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $113.66. The company has a 50 day moving average of $100.24 and a 200 day moving average of $96.21. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACGL. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada increased their price objective on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. StockNews.com downgraded Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm boosted their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

About Arch Capital Group

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.