Deutsche Bank AG Has $196.84 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Key Points

• Deutsche Bank AG reduced its stake in Arch Capital Group by selling 52,028 shares, now holding approximately 2,046,591 shares valued at $196.8 million, representing about 0.54% of the company's total stock.
• Notable adjustments in holdings were made by other institutional investors, with 89.07% of Arch Capital Group's stock now owned by such investors.
• Arch Capital Group reported earnings of $2.58 per share in its latest quarter, exceeding analyst estimates of $2.30 and revealing a net margin of 19.49%.

Deutsche Bank AG lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,046,591 shares of the insurance provider's stock after selling 52,028 shares during the quarter. Deutsche Bank AG owned approximately 0.54% of Arch Capital Group worth $196,841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. increased 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 worth $27,000 after purchasing an additional 150 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $31,000. Finally, Grove Bank & Trust acquired a new position in shares of Arch Capital Group during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 12,630 shares of the business's stock in a transaction 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 owned 274,681 shares of the company's stock, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.10% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded up $1.88 during trading on Wednesday, reaching $89.66. 865,594 shares of the company traded hands, compared to its average volume of 1,925,957. The company's 50 day moving average is $89.56 and its two-hundred day moving average is $91.33. The firm has a market capitalization of $33.46 billion, a PE ratio of 9.25, a PEG ratio of 5.54 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $2.57 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cowen reissued a "buy" rating on shares of Arch Capital Group in a report on Monday, August 4th. Morgan Stanley set a $110.00 target price on Arch Capital Group and gave the stock an "overweight" rating in a report on Monday, May 19th. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Cantor Fitzgerald assumed coverage on Arch Capital Group in a report on Tuesday. They set a "neutral" rating and a $98.00 target price on the stock. Finally, Citigroup assumed coverage on Arch Capital Group in a research note on Wednesday. They issued a "buy" rating and a $113.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.06.

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.