Commerzbank Aktiengesellschaft FI Makes New Investment in Arch Capital Group Ltd. $ACGL

Commerzbank Aktiengesellschaft FI bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,653 shares of the insurance provider’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in Arch Capital Group during the first quarter worth about $27,000. Meeder Asset Management Inc. lifted its holdings in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $37,000. Finally, Grove Bank & Trust bought a new position in shares of Arch Capital Group during the 1st quarter valued at about $40,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.3%

Shares of Arch Capital Group stock opened at $92.47 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $115.06. The stock has a market cap of $34.51 billion, a P/E ratio of 9.54, a P/E/G ratio of 5.51 and a beta of 0.47. 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 business’s 50 day moving average is $90.63 and its 200-day moving average is $91.07.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data 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 company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.During the same quarter in the prior year, the business posted $2.57 EPS. Equities research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACGL shares. UBS Group reiterated a “buy” rating and set a $118.00 price objective (down previously from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Citigroup started coverage on Arch Capital Group in a report on Wednesday, August 13th. They set a “buy” rating and a $113.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Arch Capital Group from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Finally, Barclays set a $99.00 price objective on Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.31.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $94.15, for a total transaction of $941,500.00. Following the transaction, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

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.