Arch Capital Group Ltd. $ACGL Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Arch Capital stake by 50.4% in Q4 to 1,548,042 shares (about $148.5M), and institutional investors now own 89.07% of ACGL.
• Analysts have a consensus rating of Hold with an average target of $109.40; ratings are mixed (9 Buy, 8 Hold, 1 Sell) and several firms recently raised price targets.
• Arch posted a strong quarter, beating estimates with EPS of $2.98 vs. $2.34 and revenue of $4.93B vs. $3.94B, and the stock trades at a P/E of 8.26 with a market cap of about $34.2B.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 50.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,548,042 shares of the insurance provider's stock after acquiring an additional 518,527 shares during the period. Robeco Institutional Asset Management B.V. owned 0.43% of Arch Capital Group worth $148,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACGL. Cooke & Bieler LP acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth about $210,856,000. First Trust Advisors LP raised its position in shares of Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider's stock worth $257,278,000 after acquiring an additional 2,279,147 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Arch Capital Group by 289.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider's stock worth $124,615,000 after acquiring an additional 1,016,919 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Arch Capital Group by 112.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,895,222 shares of the insurance provider's stock worth $171,953,000 after acquiring an additional 1,003,004 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Arch Capital Group by 56.4% during the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider's stock worth $248,466,000 after acquiring an additional 987,398 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $104.00 to $105.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on Arch Capital Group from $111.00 to $117.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 7th. The Goldman Sachs Group reissued a "sell" rating and set a $93.00 target price (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Mizuho lifted their price target on Arch Capital Group from $95.00 to $102.00 and gave the stock a "neutral" rating in a research report on Thursday, February 12th. Finally, Barclays lifted their price target 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. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of "Hold" and an average target price of $109.40.

Arch Capital Group Stock Performance

ACGL opened at $95.97 on Monday. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 3.92 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. The business's 50 day moving average is $96.93 and its two-hundred day moving average is $93.71. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $2.26 earnings per share. On average, research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling

In other news, Director Brian S. Posner sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $34,220. The trade was a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer directly owned 871,594 shares in the company, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Company 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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