SG Capital Management LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 195.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,366 shares of the insurance provider’s stock after buying an additional 108,735 shares during the period. Arch Capital Group comprises about 2.7% of SG Capital Management LLC’s holdings, making the stock its 14th largest position. SG Capital Management LLC owned 0.12% of Arch Capital Group worth $15,334,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of Arch Capital Group by 7.7% in the first quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock valued at $64,162,000 after buying an additional 48,635 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Arch Capital Group by 151.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,604 shares of the insurance provider’s stock valued at $1,100,000 after buying an additional 6,994 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Arch Capital Group by 87.0% in the first quarter. Eagle Asset Management Inc. now owns 114,756 shares of the insurance provider’s stock valued at $9,383,000 after buying an additional 53,384 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Arch Capital Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock valued at $172,456,000 after buying an additional 12,071 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Arch Capital Group by 33.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock valued at $7,113,000 after buying an additional 18,822 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Ltd. (NASDAQ:ACGL) traded down 0.40% during trading on Friday, reaching $96.14. The company had a trading volume of 264,226 shares. The firm’s 50-day moving average price is $96.20 and its 200 day moving average price is $94.79. The firm has a market capitalization of $12.93 billion, a P/E ratio of 17.49 and a beta of 0.67. Arch Capital Group Ltd. has a one year low of $74.16 and a one year high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Arch Capital Group had a net margin of 15.65% and a return on equity of 8.76%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts forecast that Arch Capital Group Ltd. will post $5.35 earnings per share for the current fiscal year.

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ACGL has been the topic of several research analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a research report on Wednesday, June 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price objective on shares of Arch Capital Group in a research report on Tuesday, July 4th. Morgan Stanley boosted their price objective on Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. BidaskClub upgraded Arch Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $92.55.

In other news, CEO Constantine Iordanou sold 37,168 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $95.52, for a total transaction of $3,550,287.36. Following the sale, the chief executive officer now directly owns 178,072 shares of the company’s stock, valued at approximately $17,009,437.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP W Preston Hutchings sold 12,500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $96.81, for a total transaction of $1,210,125.00. Following the transaction, the senior vice president now owns 39,411 shares of the company’s stock, valued at approximately $3,815,378.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 203,756 shares of company stock worth $19,562,718. Corporate insiders own 6.60% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

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