Bedrijfstakpensioenfonds Voor DE Media PNO Buys Shares of 12,426 Arch Capital Group Ltd. (ACGL)

Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,426 shares of the insurance provider’s stock, valued at approximately $1,159,000.

A number of other institutional investors have also modified their holdings of ACGL. ProShare Advisors LLC raised its position in 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 in the last quarter. Profund Advisors LLC purchased a new position in Arch Capital Group during the first quarter valued at about $232,000. Korea Investment CORP raised its position in 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 in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in 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 in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Arch Capital Group by 198.3% in the first quarter. State of Alaska Department of Revenue now owns 26,986 shares of the insurance provider’s stock valued at $2,556,000 after buying an additional 17,940 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

Arch Capital Group Ltd. (NASDAQ ACGL) opened at 97.27 on Tuesday. The firm has a market capitalization of $13.08 billion, a P/E ratio of 17.69 and a beta of 0.67. The company’s 50-day moving average is $95.50 and its 200-day moving average is $94.38. Arch Capital Group Ltd. has a 52-week low of $73.97 and a 52-week high of $99.47.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.28 billion. Arch Capital Group had a net margin of 15.65% and a return on equity of 9.09%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. On average, analysts predict that Arch Capital Group Ltd. will post $5.35 EPS for the current year.

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Several research firms have issued reports on ACGL. Wells Fargo & Company reaffirmed a “hold” rating on shares of Arch Capital Group in a report on Wednesday, July 26th. Morgan Stanley lifted their price target on shares of Arch Capital Group from $90.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $95.00 price target on shares of Arch Capital Group in a report on Tuesday, July 4th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research lowered shares of 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, eight have given a hold rating and five have issued a buy rating to the company. Arch Capital Group currently has an average rating of “Hold” and an average price target of $92.09.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 8,266 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $93.53, for a total transaction of $773,118.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Constantine Iordanou sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 171,901 shares in the company, valued at $16,825,669.88. The disclosure for this sale can be found here. Insiders sold a total of 191,256 shares of company stock worth $18,352,593 over the last ninety days. 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.