Dai ichi Life Insurance Company Ltd Has $9.38 Million Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Dai ichi Life Insurance Company Ltd lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 60.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,968 shares of the insurance provider's stock after acquiring an additional 34,901 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Arch Capital Group were worth $9,380,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. bought a new position in Arch Capital Group during the 2nd quarter worth $30,000. Baldwin Brothers LLC MA raised 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 valued at $31,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in Arch Capital Group during the fourth quarter worth about $33,000. Rothschild Investment LLC bought a new stake in Arch Capital Group during the second quarter worth about $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group during the first quarter worth about $38,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ACGL shares. Keefe, Bruyette & Woods upped their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. JMP Securities upped their target price on Arch Capital Group from $110.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 31st. 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 research note on Monday, July 1st. Roth Mkm upped their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.93.

Arch Capital Group Trading Up 1.6 %

Shares of NASDAQ ACGL traded up $1.76 during trading on Friday, reaching $112.02. The company had a trading volume of 1,487,097 shares, compared to its average volume of 1,618,735. The stock has a market cap of $42.06 billion, a P/E ratio of 8.84, a PEG ratio of 1.99 and a beta of 0.60. The company's fifty day moving average price is $102.58 and its 200-day moving average price is $98.07. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $114.65.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating 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 business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Insider Activity

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.20% of the company's stock.

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.