Natixis Advisors LLC Acquires 423,406 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis Advisors LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 59.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,139,480 shares of the insurance provider's stock after purchasing an additional 423,406 shares during the period. Natixis Advisors LLC owned 0.30% of Arch Capital Group worth $114,962,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA increased its stake in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Arch Capital Group in the 4th quarter valued at $33,000. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACGL. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 1st. Royal Bank of Canada boosted their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

Arch Capital Group Stock Performance

NASDAQ ACGL traded up $0.28 during trading on Friday, hitting $113.09. 2,739,377 shares of the company's stock traded hands, compared to its average volume of 1,295,261. The stock has a market capitalization of $42.53 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.05 and a beta of 0.58. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $113.66. 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 business has a 50 day moving average of $100.24 and a 200-day moving average of $96.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

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.