Arch Capital Group Ltd. $ACGL Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Arch Capital Group by 25.9% during Q1, selling 7,560 shares to hold a total of 21,581 shares valued at approximately $2.07 million.
• Multiple analysts have rated Arch Capital Group's stock, with an average rating of "Moderate Buy" and a consensus target price of $112.13.
• Arch Capital Group reported an earnings per share (EPS) of $2.58 for the last quarter, exceeding analyst expectations of $2.30.

Gulf International Bank UK Ltd decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,581 shares of the insurance provider's stock after selling 7,560 shares during the quarter. Gulf International Bank UK Ltd's holdings in Arch Capital Group were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter valued at about $27,000. Meeder Asset Management Inc. boosted its position in shares of Arch Capital Group by 116.3% during the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Arch Capital Group during the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT acquired a new position in Arch Capital Group in the first quarter valued at about $37,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ACGL shares. Wells Fargo & Company cut their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. JMP Securities reiterated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Cowen reiterated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. UBS Group reiterated a "buy" rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Finally, Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $112.13.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $0.37 during mid-day trading on Monday, hitting $90.35. 1,921,198 shares of the company were exchanged, compared to its average volume of 1,937,382. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $89.30 and a 200-day simple moving average of $91.22. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 5.56 and a beta of 0.49.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $2.57 earnings per share. On average, sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.