Nisa Investment Advisors LLC Cuts Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nisa Investment Advisors LLC decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.3% in the 3rd quarter, Holdings Channel reports. The firm owned 90,620 shares of the insurance provider’s stock after selling 25,982 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arch Capital Group were worth $10,139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its holdings in Arch Capital Group by 5.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock valued at $39,851,000 after purchasing an additional 21,332 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Arch Capital Group by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after acquiring an additional 519 shares in the last quarter. Cetera Advisors LLC increased its holdings in Arch Capital Group by 70.9% during the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after acquiring an additional 5,684 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in Arch Capital Group during the first quarter worth about $1,937,000. Finally, Kinsale Capital Group Inc. lifted its holdings in shares of Arch Capital Group by 26.0% in the first quarter. Kinsale Capital Group Inc. now owns 43,860 shares of the insurance provider’s stock valued at $4,054,000 after purchasing an additional 9,064 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Arch Capital Group Trading Up 0.3 %

Shares of ACGL stock opened at $105.14 on Thursday. The firm’s 50-day simple moving average is $110.85 and its 200-day simple moving average is $102.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The firm has a market cap of $39.54 billion, a P/E ratio of 7.39, a PEG ratio of 1.95 and a beta of 0.59.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Arch Capital Group’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 9.06 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent research reports. Roth Mkm raised their price objective on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their price target on Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America boosted their price target on Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen increased their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.53.

Arch Capital Group 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.