Skandinaviska Enskilda Banken AB publ Purchases 162,147 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Skandinaviska Enskilda Banken AB publ raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 214.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 237,908 shares of the insurance provider’s stock after acquiring an additional 162,147 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Arch Capital Group worth $24,004,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ACGL. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the second quarter worth $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Richardson Financial Services Inc. bought a new position in Arch Capital Group in the fourth quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

ACGL has been the subject of several analyst reports. Wells Fargo & Company decreased their target price 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. Deutsche Bank Aktiengesellschaft boosted 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 note on Monday, July 1st. Barclays initiated coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 target price for the company. Bank of America lowered their price target on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Roth Mkm raised their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.73.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $113.24 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $103.82 and its two-hundred day moving average price is $98.71. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $114.69. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 2.07 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.89 billion. During the same period in the prior year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Arch Capital Group Ltd. will post 9.01 EPS for the current 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.