Rothschild Asset Management Inc. boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.7% during the second quarter, Holdings Channel reports. The institutional investor owned 7,540 shares of the insurance provider’s stock after buying an additional 605 shares during the period. Rothschild Asset Management Inc.’s holdings in Arch Capital Group were worth $703,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Arch Capital Group by 7.7% in the first quarter. Legal & General Group Plc now owns 677,060 shares of the insurance provider’s stock worth $64,162,000 after buying an additional 48,635 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Arch Capital Group by 151.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,604 shares of the insurance provider’s stock worth $1,100,000 after buying an additional 6,994 shares in the last quarter. Eagle Asset Management Inc. increased its position in Arch Capital Group by 87.0% in the first quarter. Eagle Asset Management Inc. now owns 114,756 shares of the insurance provider’s stock worth $9,383,000 after buying an additional 53,384 shares in the last quarter. Principal Financial Group Inc. increased its position in Arch Capital Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 1,819,732 shares of the insurance provider’s stock worth $172,456,000 after buying an additional 12,071 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Arch Capital Group by 33.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 75,053 shares of the insurance provider’s stock worth $7,113,000 after buying an additional 18,822 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at 96.53 on Friday. Arch Capital Group Ltd. has a 12 month low of $74.16 and a 12 month high of $99.47. The firm has a 50-day moving average price of $96.11 and a 200-day moving average price of $94.73. The stock has a market cap of $12.98 billion, a PE ratio of 17.56 and a beta of 0.67.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Arch Capital Group had a return on equity of 8.76% and a net margin of 15.65%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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ACGL has been the topic of a number of recent research reports. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 14th. Zacks Investment Research downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub downgraded Arch Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 target price on shares of Arch Capital Group in a report on Tuesday, July 4th. Finally, Morgan Stanley increased their target price on Arch Capital Group from $90.00 to $96.00 and gave the company 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $92.09.

In related news, CEO Constantine Iordanou sold 37,168 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $95.52, for a total value of $3,550,287.36. Following the completion of the transaction, the chief executive officer now owns 178,072 shares of the company’s stock, valued at approximately $17,009,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Vollaro sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $97.31, for a total value of $973,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 191,256 shares of company stock valued at $18,352,593. Insiders own 6.60% of the company’s stock.

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.

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

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