Nisa Investment Advisors LLC Has $2.26 Million Stock Position in Arch Capital Group Ltd. $ACGL

Nisa Investment Advisors LLC reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 50.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,848 shares of the insurance provider’s stock after selling 25,467 shares during the period. Nisa Investment Advisors LLC’s holdings in Arch Capital Group were worth $2,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after buying an additional 150 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at $37,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares during the period. Finally, Hemington Wealth Management boosted its stake in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

ACGL stock opened at $86.64 on Friday. The business’s 50-day moving average price is $89.91 and its two-hundred day moving average price is $90.65. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a market cap of $32.34 billion, a PE ratio of 8.10, a P/E/G ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.21.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $1.01. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.During the same period in the previous year, the company posted $1.99 earnings per share. As a group, research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

ACGL has been the topic of a number of recent research reports. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. Wolfe Research initiated coverage on shares of Arch Capital Group in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group set a $88.00 price objective on shares of Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.64.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

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.