Bp Plc held its position in Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, Holdings Channel reports. The firm owned 14,500 shares of the insurance provider’s stock at the end of the second quarter. Bp Plc’s holdings in Arch Capital Group were worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Creative Planning boosted its position in Arch Capital Group by 0.6% in the first quarter. Creative Planning now owns 3,404 shares of the insurance provider’s stock worth $323,000 after buying an additional 19 shares during the last quarter. Capstone Asset Management Co. boosted its position in Arch Capital Group by 6.5% in the first quarter. Capstone Asset Management Co. now owns 3,298 shares of the insurance provider’s stock worth $313,000 after buying an additional 200 shares during the last quarter. DnB Asset Management AS boosted its position in Arch Capital Group by 18.9% in the first quarter. DnB Asset Management AS now owns 13,866 shares of the insurance provider’s stock worth $1,314,000 after buying an additional 2,200 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Arch Capital Group by 198.3% in the first quarter. State of Alaska Department of Revenue now owns 26,986 shares of the insurance provider’s stock worth $2,556,000 after buying an additional 17,940 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Arch Capital Group by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,272 shares of the insurance provider’s stock worth $290,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Shares of Arch Capital Group Ltd. (ACGL) opened at 96.14 on Friday. The company has a 50-day moving average of $96.20 and a 200-day moving average of $94.79. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 17.49 and a beta of 0.67. Arch Capital Group Ltd. has a 1-year low of $74.16 and a 1-year high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. Arch Capital Group’s revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post $5.35 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Bp Plc Has $1,352,000 Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/bp-plc-has-1352000-stake-in-arch-capital-group-ltd-nasdaqacgl/1481019.html.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods set a $100.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a report on Friday. Wells Fargo & Company restated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. BidaskClub upgraded shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Morgan Stanley upped their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Arch Capital Group currently has an average rating of “Hold” and a consensus target price of $92.55.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $97.88, for a total value of $4,894,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,901 shares of the company’s stock, valued at approximately $16,825,669.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 20,000 shares of Arch Capital Group stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $95.39, for a total value of $1,907,800.00. Following the completion of the transaction, the chief executive officer now directly owns 244,912 shares of the company’s stock, valued at $23,362,155.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 203,756 shares of company stock valued at $19,562,718. 6.60% of the stock is currently owned by corporate insiders.

About Arch Capital Group

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL).

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.