Daiwa Securities Group Inc. Has $4.56 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Daiwa Securities Group Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,387 shares of the insurance provider's stock after buying an additional 3,649 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Arch Capital Group were worth $4,561,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Arch Capital Group in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Arch Capital Group during the 4th quarter worth approximately $42,000. Y.D. More Investments Ltd grew its stake in shares of Arch Capital Group by 125.6% during the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Arch Capital Group during the 3rd quarter valued at approximately $50,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.20% of the company's stock.

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Arch Capital Group Stock Up 2.4 %

ACGL traded up $2.16 during trading on Friday, reaching $92.57. 1,500,416 shares of the stock traded hands, compared to its average volume of 1,883,044. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a fifty-two week low of $87.42 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The stock's 50-day simple moving average is $91.83 and its two-hundred day simple moving average is $99.43.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $2.45 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ACGL shares. JPMorgan Chase & Co. decreased their price objective on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Barclays cut their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada decreased their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.19.

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.