Asahi Life Asset Management CO. LTD. Takes $366,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the 4th quarter, Holdings Channel reports. The fund purchased 3,960 shares of the insurance provider’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider’s stock worth $18,203,000 after buying an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Arch Capital Group by 5.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider’s stock worth $12,444,000 after buying an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider’s stock worth $8,024,000 after buying an additional 6,521 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in Arch Capital Group by 56.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider’s stock worth $621,000 after buying an additional 2,430 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider’s stock worth $2,849,000 after buying an additional 5,345 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Bank of America dropped their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $92.93 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a fifty day moving average of $92.04 and a 200 day moving average of $100.41. The firm has a market cap of $34.96 billion, a PE ratio of 8.30, a PEG ratio of 2.31 and a beta of 0.64. Arch Capital Group Ltd. has a one year low of $86.41 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the previous year, the firm earned $2.45 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

About Arch Capital Group

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.