Commerzbank Aktiengesellschaft FI Acquires Shares of 3,653 Arch Capital Group Ltd. $ACGL

Key Points

• Commerzbank Aktiengesellschaft FI acquired 3,653 shares of Arch Capital Group Ltd., valued at approximately $333,000, in the second quarter, as reported in their Form 13F filing.
• Arch Capital Group's stock has a current market cap of $34.51 billion and a 12-month price range of $82.49 to $115.06, with analysts expecting an EPS of 8.42 for the current year.
• Insider Maamoun Rajeh sold 10,000 shares for around $941,500, representing a 2.25% decrease in their ownership stake in the company.

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,653 shares of the insurance provider's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Arch Capital Group by 14.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,804 shares of the insurance provider's stock valued at $4,924,000 after acquiring an additional 6,406 shares during the period. DAVENPORT & Co LLC bought a new position in shares of Arch Capital Group during the first quarter valued at $251,000. D.A. Davidson & CO. lifted its holdings in shares of Arch Capital Group by 10.9% during the first quarter. D.A. Davidson & CO. now owns 45,552 shares of the insurance provider's stock valued at $4,381,000 after acquiring an additional 4,460 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Arch Capital Group by 24.7% during the first quarter. Crossmark Global Holdings Inc. now owns 37,625 shares of the insurance provider's stock valued at $3,619,000 after acquiring an additional 7,448 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of Arch Capital Group by 114.1% during the first quarter. World Investment Advisors now owns 6,321 shares of the insurance provider's stock valued at $608,000 after acquiring an additional 3,369 shares during the period. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $92.47 on Friday. The stock has a 50-day moving average price of $90.63 and a 200 day moving average price of $91.07. 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 firm has a market cap of $34.51 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 5.51 and a beta of 0.47. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $115.06.

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

Insider Buying and Selling

In related news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACGL shares. Cantor Fitzgerald upgraded Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. UBS Group restated a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Wells Fargo & Company raised their target price on Arch Capital Group from $107.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Citigroup started coverage on Arch Capital Group in a research note on Wednesday, August 13th. They issued a "buy" rating and a $113.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.31.

Arch Capital Group 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.

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