National Bank of Canada FI Raises Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Bank of Canada FI grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 559,097 shares of the insurance provider's stock after acquiring an additional 7,785 shares during the period. National Bank of Canada FI owned about 0.15% of Arch Capital Group worth $51,635,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ACGL. Principal Financial Group Inc. raised its stake in shares of Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares during the period. Quantbot Technologies LP bought a new stake in Arch Capital Group in the 3rd quarter valued at about $25,000. Townsquare Capital LLC lifted its holdings in Arch Capital Group by 41.7% during the third quarter. Townsquare Capital LLC now owns 7,969 shares of the insurance provider's stock valued at $892,000 after purchasing an additional 2,347 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Arch Capital Group during the third quarter valued at about $1,873,000. Finally, Janus Henderson Group PLC boosted its position in Arch Capital Group by 1.4% during the third quarter. Janus Henderson Group PLC now owns 44,916 shares of the insurance provider's stock worth $5,025,000 after purchasing an additional 600 shares during the period. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACGL. UBS Group dropped their price target on shares of Arch Capital Group from $131.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Morgan Stanley dropped their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.19.

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Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $8.45 during mid-day trading on Friday, reaching $87.83. 2,687,962 shares of the company were exchanged, compared to its average volume of 1,719,357. Arch Capital Group Ltd. has a 52 week low of $87.42 and a 52 week high of $116.47. The company's 50 day moving average price is $92.23 and its 200 day moving average price is $97.57. The stock has a market capitalization of $33.00 billion, a PE ratio of 7.84, a PEG ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same quarter last year, the company earned $2.45 earnings per share. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the sale, the insider now directly owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is owned by insiders.

About Arch Capital Group

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.