Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Increased by Deutsche Bank AG

Deutsche Bank AG raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 31.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,098,619 shares of the insurance provider’s stock after purchasing an additional 498,426 shares during the quarter. Deutsche Bank AG’s holdings in Arch Capital Group were worth $193,807,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACGL. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new position in Arch Capital Group during the fourth quarter worth $42,000. Y.D. More Investments Ltd raised its position in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Quarry LP bought a new stake in Arch Capital Group in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. boosted its holdings in Arch Capital Group by 97.0% during the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 11th. JMP Securities reissued a “market outperform” rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Insider Buying and Selling

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares of the company’s stock, valued at approximately $73,588,000.64. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now directly owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Down 0.0 %

NASDAQ:ACGL opened at $94.54 on Friday. The company has a market cap of $35.52 billion, a PE ratio of 8.44, a PEG ratio of 2.31 and a beta of 0.57. Arch Capital Group Ltd. has a 52-week low of $82.49 and a 52-week high of $116.47. The stock has a 50-day simple moving average of $92.22 and a 200 day simple moving average of $94.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Arch Capital Group Company 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.