Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,530 shares of the insurance provider's stock after buying an additional 7,695 shares during the period. DekaBank Deutsche Girozentrale's holdings in Arch Capital Group were worth $16,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC increased its stake in Arch Capital Group by 1.7% during the first quarter. Resonant Capital Advisors LLC now owns 6,672 shares of the insurance provider's stock valued at $642,000 after purchasing an additional 113 shares during the last quarter. Cim LLC increased its stake in Arch Capital Group by 1.1% during the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after purchasing an additional 124 shares during the last quarter. CreativeOne Wealth LLC increased its stake in Arch Capital Group by 4.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 126 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Arch Capital Group by 5.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Finally, Aurora Investment Managers LLC. increased its stake in Arch Capital Group by 0.6% during the first quarter. Aurora Investment Managers LLC. now owns 22,530 shares of the insurance provider's stock valued at $2,167,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on ACGL shares. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Jefferies Financial Group lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. JMP Securities reissued a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $101.00 price target (down previously from $113.00) on shares of Arch Capital Group in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.60.

Arch Capital Group Price Performance

ACGL traded down $0.72 on Friday, reaching $87.84. The company had a trading volume of 1,943,647 shares, compared to its average volume of 1,738,028. The company has a fifty day moving average of $91.96 and a 200-day moving average of $92.02. The company has a market capitalization of $32.92 billion, a P/E ratio of 9.00, a PEG ratio of 6.12 and a beta of 0.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.75 billion. Arch Capital Group had a net margin of 20.72% and a return on equity of 15.79%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Insider Activity at Arch Capital Group

In other news, insider Louis T. Petrillo sold 16,650 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the transaction, the insider owned 140,023 shares of the company's stock, valued at $13,236,374.19. The trade was a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Francois Morin sold 12,630 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the completion of the transaction, the chief financial officer directly owned 274,681 shares in the company, valued at $25,979,328.98. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by corporate insiders.

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.