Deutsche Bank AG Acquires 498,426 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Deutsche Bank AG lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,098,619 shares of the insurance provider's stock after acquiring an additional 498,426 shares during the period. Deutsche Bank AG owned 0.56% of Arch Capital Group worth $193,807,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ACGL. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Wednesday, April 30th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.

Arch Capital Group Stock Up 1.5%

Shares of NASDAQ:ACGL traded up $1.36 during mid-day trading on Thursday, reaching $92.21. 409,548 shares of the stock were exchanged, compared to its average volume of 1,727,880. The stock's 50 day simple moving average is $92.32 and its 200-day simple moving average is $93.73. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.55 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company posted $2.45 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity

In related news, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now directly owns 579,218 shares of the company's stock, valued at approximately $54,452,284.18. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now owns 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,946 shares of company stock valued at $10,392,092 over the last three months. 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.