Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 146,700 shares of the insurance provider's stock after selling 4,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Arch Capital Group were worth $14,801,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baldwin Brothers LLC MA lifted its stake in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth $30,000. LRI Investments LLC purchased a new position in Arch Capital Group in the first quarter valued at $40,000. Richardson Financial Services Inc. acquired a new stake in Arch Capital Group in the fourth quarter valued at $33,000. Finally, Versant Capital Management Inc lifted its holdings in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock worth $46,000 after buying an additional 131 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Performance

Arch Capital Group stock traded up $2.51 during trading hours on Friday, reaching $109.02. 1,514,536 shares of the stock were exchanged, compared to its average volume of 1,634,753. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $109.14. The stock has a market cap of $40.94 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.86 and a beta of 0.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The firm's 50 day moving average is $99.20 and its 200 day moving average is $95.32.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the prior year, the company posted $1.92 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. Analysts predict that Arch Capital Group Ltd. will post 9 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Arch Capital Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 1st. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on Arch Capital Group from $108.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, Bank of America reduced their target price on Arch Capital Group from $119.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Five investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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.