Candriam S.C.A. Has $3.34 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Candriam S.C.A. increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 16.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,107 shares of the insurance provider's stock after buying an additional 4,723 shares during the quarter. Candriam S.C.A.'s holdings in Arch Capital Group were worth $3,340,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA boosted its stake in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Arch Capital Group during the fourth quarter worth $33,000. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group during the second quarter valued at $35,000. Finally, LRI Investments LLC acquired a new position in shares of Arch Capital Group in the 1st quarter valued at $38,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $0.45 during trading hours on Tuesday, reaching $111.28. The stock had a trading volume of 1,118,081 shares, compared to its average volume of 1,623,689. The company has a market cap of $41.78 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 2.00 and a beta of 0.59. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $114.65. The business's fifty day moving average is $101.81 and its two-hundred day moving average is $97.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60.

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, topping analysts' consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion during 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 firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Francois Morin sold 11,460 shares of the company's 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 approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on Arch Capital Group from $111.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Arch Capital Group from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 1st. Finally, StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $110.93.

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.