Credit Agricole S A Boosts Stake in Arch Capital Group Ltd. $ACGL

Credit Agricole S A grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,248 shares of the insurance provider’s stock after buying an additional 2,646 shares during the quarter. Credit Agricole S A’s holdings in Arch Capital Group were worth $11,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Mirae Asset Global Investments Co. Ltd. raised its position in Arch Capital Group by 14.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider’s stock worth $4,924,000 after purchasing an additional 6,406 shares during the period. DAVENPORT & Co LLC purchased a new position in Arch Capital Group in the 1st quarter worth $251,000. D.A. Davidson & CO. raised its position in Arch Capital Group by 10.9% in the 1st quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider’s stock worth $4,381,000 after purchasing an additional 4,460 shares during the period. Crossmark Global Holdings Inc. raised its position in Arch Capital Group by 24.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider’s stock worth $3,619,000 after purchasing an additional 7,448 shares during the period. Finally, World Investment Advisors raised its position in Arch Capital Group by 114.1% in the 1st quarter. World Investment Advisors now owns 6,321 shares of the insurance provider’s stock worth $608,000 after purchasing an additional 3,369 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ACGL. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. UBS Group reiterated a “buy” rating and issued a $118.00 target price (down previously from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. Cantor Fitzgerald upgraded shares of Arch Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.13.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $92.84 on Thursday. The firm has a market cap of $34.65 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 5.62 and a beta of 0.49. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $89.37 and its two-hundred day simple moving average is $91.21.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. During the same quarter last year, the firm earned $2.57 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.