Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Prudential PLC

Prudential PLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,839 shares of the insurance provider's stock after acquiring an additional 11,794 shares during the quarter. Prudential PLC's holdings in Arch Capital Group were worth $14,512,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ACGL. International Assets Investment Management LLC acquired a new position in Arch Capital Group in the fourth quarter valued at approximately $398,000. Private Advisor Group LLC raised its stake in shares of Arch Capital Group by 17.8% during the 4th quarter. Private Advisor Group LLC now owns 9,074 shares of the insurance provider's stock worth $674,000 after buying an additional 1,374 shares during the period. Lincoln National Corp raised its stake in shares of Arch Capital Group by 53.5% during the 4th quarter. Lincoln National Corp now owns 6,180 shares of the insurance provider's stock worth $459,000 after buying an additional 2,154 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $302,000. Finally, Principal Securities Inc. acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $933,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Trading Up 1.2 %

ACGL traded up $1.28 during mid-day trading on Monday, hitting $111.73. 1,457,166 shares of the stock were exchanged, compared to its average volume of 1,626,610. The firm's fifty day moving average is $101.36 and its two-hundred day moving average is $97.30. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $114.65. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The company has a market cap of $42.02 billion, a PE ratio of 8.80, a PEG ratio of 2.00 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its 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 return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $1.92 EPS. Arch Capital Group's revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ACGL has been the subject of several research analyst reports. Barclays initiated coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price for the company. Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. 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 research note on Thursday, July 11th. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Arch Capital Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $109.27.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by corporate 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.