Canada Pension Plan Investment Board Increases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Canada Pension Plan Investment Board increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 287,091 shares of the insurance provider’s stock after purchasing an additional 32,370 shares during the period. Canada Pension Plan Investment Board owned 0.08% of Arch Capital Group worth $28,965,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Baldwin Brothers LLC MA increased its holdings in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares during the period. Sunbelt Securities Inc. increased its stake in Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after acquiring an additional 117 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Arch Capital Group by 2.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock valued at $536,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 131 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Arch Capital Group by 1.1% during the first quarter. Headlands Technologies LLC now owns 12,538 shares of the insurance provider’s stock worth $1,159,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

NASDAQ:ACGL opened at $113.24 on Monday. The firm has a market capitalization of $42.59 billion, a P/E ratio of 8.94, a P/E/G ratio of 2.07 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $104.15 and a 200 day moving average of $99.04. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.69.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $1.92 earnings per share. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 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 available through this hyperlink. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACGL. JMP Securities raised their target price on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” 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 for the company in a research report on Thursday, July 11th. Roth Mkm increased their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their price objective on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

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.