Oppenheimer & Co. Inc. raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,873 shares of the insurance provider’s stock after purchasing an additional 97 shares during the period. Oppenheimer & Co. Inc.’s holdings in Arch Capital Group were worth $361,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Arch Capital Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 9,588,852 shares of the insurance provider’s stock valued at $908,736,000 after purchasing an additional 418,229 shares during the period. BlackRock Inc. grew its holdings in Arch Capital Group by 3,410.5% during the first quarter. BlackRock Inc. now owns 8,769,351 shares of the insurance provider’s stock valued at $831,073,000 after purchasing an additional 8,519,546 shares during the period. State Street Corp grew its holdings in Arch Capital Group by 1.4% during the first quarter. State Street Corp now owns 2,915,052 shares of the insurance provider’s stock valued at $276,253,000 after purchasing an additional 40,737 shares during the period. Principal Financial Group Inc. grew its holdings in Arch Capital Group by 7.4% during the second quarter. Principal Financial Group Inc. now owns 1,955,253 shares of the insurance provider’s stock valued at $182,407,000 after purchasing an additional 135,521 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Arch Capital Group by 1.3% during the second quarter. APG Asset Management N.V. now owns 1,080,515 shares of the insurance provider’s stock valued at $100,801,000 after purchasing an additional 13,700 shares during the period. 76.92% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Wells Fargo & Company reissued a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. Keefe, Bruyette & Woods set a $100.00 price target on Arch Capital Group and gave the company a “hold” rating in a report on Friday, August 11th. Buckingham Research assumed coverage on Arch Capital Group in a report on Monday, September 11th. They set a “buy” rating and a $106.00 price target for the company. BidaskClub raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $95.63.

In other news, CEO Constantine Iordanou sold 50,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Rippert sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $94.25, for a total value of $329,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 195,579 shares of company stock worth $18,756,983 over the last ninety days. 6.60% of the stock is owned by insiders.

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Arch Capital Group Ltd. (ACGL) opened at 96.41 on Friday. The stock has a market capitalization of $12.97 billion, a P/E ratio of 17.54 and a beta of 0.67. The stock has a 50 day moving average price of $96.61 and a 200 day moving average price of $95.60. Arch Capital Group Ltd. has a 12 month low of $76.47 and a 12 month high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $1.25 billion for 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%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Equities analysts predict that Arch Capital Group Ltd. will post $5.28 EPS for the current fiscal year.

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.

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

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