Resona Asset Management Co. Ltd. Has $13.88 Million Stake in Arch Capital Group Ltd. $ACGL

Resona Asset Management Co. Ltd. lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% during the third quarter, Holdings Channel.com reports. The firm owned 153,154 shares of the insurance provider’s stock after selling 6,337 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Arch Capital Group were worth $13,876,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. TD Waterhouse Canada Inc. raised its holdings in shares of Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after buying an additional 112 shares during the last quarter. Crescent Grove Advisors LLC boosted its stake in shares of Arch Capital Group by 3.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 112 shares during the last quarter. TIAA Trust National Association boosted its stake in Arch Capital Group by 3.1% in the second quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock valued at $354,000 after acquiring an additional 116 shares during the last quarter. Greenleaf Trust grew its stake in shares of Arch Capital Group by 4.2% during the second quarter. Greenleaf Trust now owns 3,082 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 125 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of Arch Capital Group by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock worth $275,000 after buying an additional 127 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ACGL. Barclays set a $104.00 target price on Arch Capital Group and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Evercore ISI set a $100.00 target price on shares of Arch Capital Group and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $100.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Mizuho set a $95.00 price objective on shares of Arch Capital Group and gave the stock a “neutral” rating in a research note on Monday, December 15th. Finally, Roth Mkm set a $110.00 target price on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.53.

Arch Capital Group Trading Up 0.5%

ACGL stock opened at $92.96 on Monday. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $97.60. The company has a market capitalization of $33.71 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.45. The company’s 50-day simple moving average is $93.67 and its 200 day simple moving average is $90.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer directly owned 266,681 shares in the company, valued at approximately $25,233,356.22. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $94.17, for a total value of $828,696.00. Following the completion of the sale, the insider owned 289,556 shares of the company’s stock, valued at approximately $27,267,488.52. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 220,666 shares of company stock valued at $20,728,673. 4.10% of the stock is owned by company insiders.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.