Nomura Asset Management Co. Ltd. Raises Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,488 shares of the insurance provider’s stock after buying an additional 259 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $10,296,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the 4th quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the 4th quarter worth $42,000. Y.D. More Investments Ltd lifted its holdings in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after buying an additional 260 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Arch Capital Group by 97.0% in the 4th quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after buying an additional 414 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 1.9 %

Shares of NASDAQ ACGL opened at $95.06 on Monday. Arch Capital Group Ltd. has a 12-month low of $87.42 and a 12-month high of $116.47. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $92.16 and its 200 day simple moving average is $98.09.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the business earned $2.45 earnings per share. Equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACGL shares. Morgan Stanley dropped their target price on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. UBS Group decreased their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average target price of $117.19.

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.