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 Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,149,600 shares of the insurance provider's stock after selling 1,963,642 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.31% of Arch Capital Group worth $106,166,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ACGL. Norges Bank acquired a new stake in shares of Arch Capital Group in the 4th quarter worth approximately $437,291,000. Madison Investment Advisors LLC purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $410,010,000. First Trust Advisors LP lifted its position in Arch Capital Group by 663.3% in the 4th quarter. First Trust Advisors LP now owns 2,462,382 shares of the insurance provider's stock worth $227,401,000 after buying an additional 2,139,782 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Arch Capital Group during the 4th quarter worth $151,342,000. Finally, Swedbank AB grew its stake in Arch Capital Group by 268.8% in the 4th quarter. Swedbank AB now owns 1,261,957 shares of the insurance provider's stock valued at $116,542,000 after buying an additional 919,793 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Insiders Place Their Bets

In related news, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the sale, the insider now owns 140,023 shares in the company, 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group decreased their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley cut their price target on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Barclays lowered their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $115.00.

Arch Capital Group Price Performance

Shares of ACGL stock traded up $0.09 on Monday, reaching $94.63. The company had a trading volume of 1,128,633 shares, compared to its average volume of 1,727,140. The stock has a market capitalization of $35.55 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The business's 50-day moving average is $92.22 and its 200 day moving average is $93.83.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its 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). The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 earnings per share. Equities research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

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.