Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Arch Capital Group Ltd. $ACGL

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 218,909 shares of the insurance provider’s stock after selling 19,118 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Arch Capital Group were worth $19,862,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Arch Capital Group in the 3rd quarter worth about $37,000. Richardson Financial Services Inc. increased its holdings in Arch Capital Group by 63.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 162 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Arch Capital Group by 3,450.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $54,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays set a $104.00 price objective on Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Evercore ISI set a $100.00 price objective on Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Finally, Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has a consensus rating of “Hold” and an average price target of $107.53.

Arch Capital Group Stock Up 0.2%

Shares of NASDAQ:ACGL opened at $92.51 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $33.55 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 2.32 and a beta of 0.45. The stock’s 50-day moving average price is $93.66 and its two-hundred day moving average price is $90.93. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the company posted $1.99 EPS. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, insider John M. Pasquesi sold 203,866 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the transaction, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This trade represents a 36.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Francois Morin sold 8,000 shares of Arch Capital Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the transaction, the chief financial officer owned 266,681 shares in the company, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 220,666 shares of company stock valued at $20,728,673 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.