39,609 Shares in Arch Capital Group Ltd. $ACGL Bought by Munich Reinsurance Co Stock Corp in Munich

Key Points

• Munich Reinsurance Co Stock Corp bought a new position of 39,609 shares (~$3.83M) of Arch Capital (NASDAQ:ACGL) in Q4, contributing to high institutional ownership of 89.07%.
• Insiders sold 78,267 shares worth about $7.29M in the last quarter, lowering insider ownership to 3.30%.
• Analysts are mixed—9 Buy, 8 Hold, 1 Sell—with a consensus "Hold" and average price target of $108.93; the stock trades near ~$96 after a quarterly EPS beat ($2.98 vs. $2.34) and a PE of 8.28.

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,609 shares of the insurance provider's stock, valued at approximately $3,829,000.

Several other institutional investors and hedge funds have also made changes to their positions in ACGL. WealthCollab LLC boosted its position in shares of Arch Capital Group by 410.3% during the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider's stock worth $27,000 after acquiring an additional 238 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 3rd quarter worth about $28,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $30,000. Grove Bank & Trust acquired a new position in shares of Arch Capital Group during the 4th quarter worth about $30,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Arch Capital Group by 72.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider's stock worth $31,000 after acquiring an additional 136 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACGL. Citigroup reissued a "buy" rating and issued a $120.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Barclays boosted their target price on Arch Capital Group from $104.00 to $106.00 and gave the company an "equal weight" rating in a report on Wednesday, April 8th. Wells Fargo & Company boosted their target price on Arch Capital Group from $106.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Cantor Fitzgerald reissued a "neutral" rating and issued a $100.00 target price (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Finally, UBS Group reissued a "buy" rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $108.93.

Insider Buying and Selling

In other Arch Capital Group news, insider Maamoun Rajeh sold 47,430 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total transaction of $4,558,971.60. Following the completion of the sale, the insider directly owned 433,589 shares of the company's stock, valued at $41,676,574.68. This represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Gansberg sold 5,907 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.37, for a total value of $569,257.59. Following the sale, the insider directly owned 336,559 shares of the company's stock, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 78,267 shares of company stock valued at $7,291,637 in the last quarter. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Stock Down 1.9%

ACGL opened at $96.19 on Friday. The business has a 50 day moving average price of $96.64 and a two-hundred day moving average price of $94.15. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a market cap of $34.27 billion, a PE ratio of 8.28, a P/E/G ratio of 4.88 and a beta of 0.41. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.34 by $0.64. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.During the same period in the prior year, the business earned $2.26 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Arch Capital Group Profile

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.

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