DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,963,642 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 63.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,149,600 shares of the insurance provider’s stock after selling 1,963,642 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.31% of Arch Capital Group worth $106,166,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at approximately $73,588,000.64. The trade was a 0.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company’s stock, 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. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ACGL shares. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 11th. UBS Group lowered their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. JMP Securities reissued a “market outperform” rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Arch Capital Group from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $92.69 on Thursday. The firm’s 50 day simple moving average is $92.13 and its 200-day simple moving average is $94.19. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The stock has a market capitalization of $34.83 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. 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 firm earned $2.45 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.