National Bank of Canada FI Has $12.74 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Bank of Canada FI raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 16.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 126,542 shares of the insurance provider’s stock after purchasing an additional 17,888 shares during the period. National Bank of Canada FI’s holdings in Arch Capital Group were worth $12,736,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ACGL. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group during the second quarter worth $30,000. Baldwin Brothers LLC MA increased its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $33,000. Rothschild Investment LLC acquired a new stake in shares of Arch Capital Group during the second quarter worth $35,000. Finally, LRI Investments LLC acquired a new stake in shares of Arch Capital Group during the first quarter worth $38,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACGL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Evercore ISI increased their target price on shares of Arch Capital Group from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Bank of America cut their target price on shares of Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their target price on shares of Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.44.

Arch Capital Group Stock Down 1.6 %

Arch Capital Group stock opened at $110.45 on Friday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $114.65. The firm has a market capitalization of $41.47 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.60. The firm’s fifty day moving average price is $101.36 and its two-hundred day moving average price is $97.22. 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 released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

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.