Universal Beteiligungs und Servicegesellschaft mbH Cuts Holdings in Arch Capital Group Ltd. $ACGL

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,027 shares of the insurance provider’s stock after selling 6,350 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Arch Capital Group worth $21,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACGL. Meeder Asset Management Inc. grew its position in Arch Capital Group by 116.3% in the first quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Arch Capital Group during the first quarter valued at about $37,000. Caitong International Asset Management Co. Ltd lifted its stake in Arch Capital Group by 3,450.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 414 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of Arch Capital Group by 27.7% in the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 119 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $91.79 on Wednesday. The company has a market capitalization of $33.29 billion, a P/E ratio of 8.59, a PEG ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a fifty-two week low of $82.44 and a fifty-two week high of $101.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. The stock has a 50 day moving average price of $89.42 and a two-hundred day moving average price of $90.43.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the business earned $1.99 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACGL shares. Cowen reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Morgan Stanley lifted their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays set a $99.00 price objective on shares of Arch Capital Group and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a report on Tuesday, October 28th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.75.

Insiders Place Their Bets

In other Arch Capital Group news, insider Maamoun Rajeh sold 10,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider owned 433,589 shares of the company’s stock, valued at $40,822,404.35. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is owned by insiders.

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.