KBC Group NV Has $29.22 Million Stock Holdings in Arch Capital Group Ltd. $ACGL

KBC Group NV trimmed its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.0% in the 1st quarter, HoldingsChannel reports. The firm owned 304,432 shares of the insurance provider’s stock after selling 12,575 shares during the quarter. KBC Group NV’s holdings in Arch Capital Group were worth $29,222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Arch Capital Group during the fourth quarter valued at about $463,208,000. Morgan Stanley raised its holdings in shares of Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock valued at $411,409,000 after acquiring an additional 33,132 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Arch Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after acquiring an additional 160,326 shares during the period. Legal & General Group Plc lifted its position in shares of Arch Capital Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after acquiring an additional 121,090 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock valued at $248,466,000 after acquiring an additional 987,398 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACGL. Mizuho lifted their price objective on shares of Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Barclays raised their target price on Arch Capital Group from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Atlantic Securities set a $126.00 price target on Arch Capital Group in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.82.

Insider Buying and Selling

In other Arch Capital Group news, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by insiders.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $100.55 on Wednesday. The firm has a market cap of $35.13 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 5.07 and a beta of 0.31. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $105.09. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $95.38 and a 200 day simple moving average of $95.70.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 9.35 earnings per share for the current fiscal year.

About Arch Capital Group

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.