Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Czech National Bank

Czech National Bank boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,296 shares of the insurance provider’s stock after purchasing an additional 5,033 shares during the period. Czech National Bank’s holdings in Arch Capital Group were worth $8,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Baldwin Brothers LLC MA raised its holdings in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Fidelis Capital Partners LLC increased its position in shares of Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 106 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Arch Capital Group by 1.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock valued at $617,000 after acquiring an additional 117 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Arch Capital Group by 2.1% during 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. Finally, Versant Capital Management Inc boosted its position in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ACGL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Roth Mkm increased their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Royal Bank of Canada lifted their price objective on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Evercore ISI upped their target price on shares of Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

ACGL opened at $114.86 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $115.03. The company has a 50-day moving average of $107.47 and a 200-day moving average of $100.52. The company has a market capitalization of $43.19 billion, a P/E ratio of 9.07, a PEG ratio of 2.06 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Arch Capital Group’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Company 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.