UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $330.26 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,576,223 shares of the insurance provider’s stock after acquiring an additional 522,484 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.95% of Arch Capital Group worth $330,264,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Arch Capital Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 41,999,603 shares of the insurance provider’s stock valued at $3,878,663,000 after purchasing an additional 182,150 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arch Capital Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 11,010,756 shares of the insurance provider’s stock valued at $1,014,648,000 after acquiring an additional 180,493 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Arch Capital Group by 10.5% during the 4th quarter. Principal Financial Group Inc. now owns 8,222,244 shares of the insurance provider’s stock worth $759,324,000 after purchasing an additional 783,506 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Arch Capital Group by 4.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,868 shares of the insurance provider’s stock worth $488,992,000 after acquiring an additional 226,617 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Arch Capital Group by 1.9% in the 4th quarter. Nuveen Asset Management LLC now owns 4,888,997 shares of the insurance provider’s stock valued at $451,499,000 after purchasing an additional 93,226 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACGL shares. Jefferies Financial Group upped their price objective 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. Barclays decreased their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. UBS Group cut their price objective on Arch Capital Group from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, JMP Securities restated 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Insider Buying and Selling at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total transaction of $706,177.28. Following the completion of the sale, the chief executive officer now directly owns 795,718 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 140,023 shares of the company’s stock, valued at $12,742,093. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,576 shares of company stock worth $11,586,638 over the last three months. 4.20% of the stock is owned by insiders.

Arch Capital Group Stock Down 1.4%

Shares of NASDAQ ACGL opened at $92.85 on Thursday. The business has a 50-day simple moving average of $92.67 and a two-hundred day simple moving average of $93.45. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The company has a market cap of $34.80 billion, a P/E ratio of 8.29, a P/E/G ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued 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 business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter last year, the business posted $2.45 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share 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.