Aviva PLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 5.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 74,831 shares of the insurance provider’s stock after buying an additional 3,985 shares during the period. Aviva PLC owned approximately 0.06% of Arch Capital Group worth $6,979,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capstone Asset Management Co. boosted its position in shares of 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 valued at $313,000 after buying an additional 200 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of 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 valued at $290,000 after buying an additional 157 shares during the last quarter. Korea Investment CORP boosted its position in shares of Arch Capital Group by 101.8% in the first quarter. Korea Investment CORP now owns 42,071 shares of the insurance provider’s stock valued at $3,987,000 after buying an additional 21,226 shares during the last quarter. Profund Advisors LLC acquired a new position in shares of Arch Capital Group during the first quarter valued at about $232,000. Finally, ProShare Advisors LLC boosted its position in shares of Arch Capital Group by 7.8% in the first quarter. ProShare Advisors LLC now owns 17,926 shares of the insurance provider’s stock valued at $1,699,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 76.92% of the company’s stock.

Shares of Arch Capital Group Ltd. (ACGL) opened at 96.40 on Wednesday. The company has a market capitalization of $12.96 billion, a PE ratio of 17.53 and a beta of 0.67. Arch Capital Group Ltd. has a 12-month low of $76.47 and a 12-month high of $99.47. The stock has a 50 day moving average of $96.93 and a 200-day moving average of $95.33.

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

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Several research analysts have issued reports on ACGL shares. Wells Fargo & Company reiterated a “hold” rating on shares of Arch Capital Group in a report on Wednesday, June 7th. BidaskClub cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. 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, Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $93.10.

In other Arch Capital Group news, CEO Constantine Iordanou sold 50,000 shares of Arch Capital Group stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $97.88, for a total transaction of $4,894,000.00. Following the sale, the chief executive officer now directly owns 171,901 shares in the company, valued at approximately $16,825,669.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Vollaro sold 10,000 shares of Arch Capital Group stock in a transaction that occurred on 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. Insiders have sold a total of 80,766 shares of company stock worth $7,850,344 over the last 90 days. 6.60% of the stock is owned by company insiders.

Arch Capital Group Company Profile

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.

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

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