Mizuho Securities USA LLC Purchases 11,229 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Mizuho Securities USA LLC boosted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,515 shares of the insurance provider's stock after purchasing an additional 11,229 shares during the period. Mizuho Securities USA LLC's holdings in Arch Capital Group were worth $3,280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ACGL. Quantbot Technologies LP increased its position in Arch Capital Group by 11,483.6% during the 4th quarter. Quantbot Technologies LP now owns 25,368 shares of the insurance provider's stock valued at $2,343,000 after buying an additional 25,149 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Arch Capital Group during the fourth quarter valued at $108,000. Northwest & Ethical Investments L.P. boosted its holdings in Arch Capital Group by 21.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 34,465 shares of the insurance provider's stock worth $3,183,000 after buying an additional 6,055 shares during the period. Blueshift Asset Management LLC grew its position in shares of Arch Capital Group by 154.3% during the fourth quarter. Blueshift Asset Management LLC now owns 7,587 shares of the insurance provider's stock worth $701,000 after purchasing an additional 4,603 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Arch Capital Group by 1.4% during the fourth quarter. Teacher Retirement System of Texas now owns 264,619 shares of the insurance provider's stock valued at $24,438,000 after buying an additional 3,656 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. UBS Group cut 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 report on Tuesday, February 18th. Barclays lowered their target price on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.19.

Arch Capital Group Trading Up 1.1 %

Shares of ACGL stock traded up $1.01 on Thursday, reaching $96.94. 1,585,661 shares of the stock were exchanged, compared to its average volume of 1,650,373. The stock has a market cap of $36.39 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. Arch Capital Group Ltd. has a 1-year low of $87.42 and a 1-year high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $92.15 and a two-hundred day moving average of $98.39.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the previous year, the company posted $2.45 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

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

Arch Capital Group 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.