Bokf Na Purchases 2,705 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Bokf Na boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 487.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,260 shares of the insurance provider’s stock after buying an additional 2,705 shares during the quarter. Bokf Na’s holdings in Arch Capital Group were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Janney Montgomery Scott LLC increased its position in shares of Arch Capital Group by 19.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock valued at $6,621,000 after acquiring an additional 14,233 shares during the period. Gladstone Capital Management LLP raised its position in Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after purchasing an additional 478,570 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Arch Capital Group by 61.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after buying an additional 1,216,080 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Arch Capital Group by 5.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after buying an additional 21,332 shares during the last quarter. Finally, Alaska Permanent Fund Corp grew its position in shares of Arch Capital Group by 42.2% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,578 shares of the insurance provider’s stock worth $5,045,000 after buying an additional 16,208 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Transactions at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $22,723,476.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.

Arch Capital Group Trading Up 2.0 %

Arch Capital Group stock opened at $114.22 on Tuesday. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $114.65. The company has a market capitalization of $42.95 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The business’s fifty day simple moving average is $102.90 and its two-hundred day simple moving average is $98.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. Arch Capital Group’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS. As a group, equities analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada raised their price target on Arch Capital Group from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods raised their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JMP Securities boosted their price target on shares of Arch Capital Group from $110.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.93.

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.