Natixis Purchases 14,495 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 30.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 62,028 shares of the insurance provider’s stock after buying an additional 14,495 shares during the period. Natixis’ holdings in Arch Capital Group were worth $5,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. increased its stake in shares of Arch Capital Group by 4.0% in the first quarter. Bessemer Group Inc. now owns 35,874 shares of the insurance provider’s stock valued at $3,317,000 after buying an additional 1,390 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in Arch Capital Group in the first quarter worth approximately $233,000. UniSuper Management Pty Ltd increased its holdings in Arch Capital Group by 346.9% in the first quarter. UniSuper Management Pty Ltd now owns 15,365 shares of the insurance provider’s stock worth $1,420,000 after purchasing an additional 11,927 shares in the last quarter. Alerus Financial NA bought a new stake in Arch Capital Group in the first quarter worth approximately $2,811,000. Finally, Trustmark National Bank Trust Department increased its holdings in Arch Capital Group by 5.0% in the first quarter. Trustmark National Bank Trust Department now owns 23,344 shares of the insurance provider’s stock worth $2,158,000 after purchasing an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Down 2.0 %

ACGL stock opened at $94.47 on Friday. The stock’s fifty day simple moving average is $99.67 and its two-hundred day simple moving average is $92.28. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $103.79. The stock has a market cap of $35.47 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.61 and a beta of 0.58.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts expect that Arch Capital Group Ltd. will post 8.59 EPS for the current year.

Insider Activity

In related news, CEO David Gansberg sold 10,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total transaction of $966,400.00. Following the sale, the chief executive officer now directly owns 228,035 shares in the company, valued at approximately $22,037,302.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ACGL shares. Bank of America lowered their target price on Arch Capital Group from $119.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their price objective on Arch Capital Group from $96.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Wells Fargo & Company boosted their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Finally, StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.87.

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.