Epoch Investment Partners Inc. Has $259,000 Holdings in Arch Capital Group Ltd. $ACGL

Key Points

• Epoch Investment Partners Inc. reduced its stake in Arch Capital Group by 51.4% in Q1, retaining 2,695 shares valued at approximately $259,000.
• Recent insider trading saw Maamoun Rajeh sell 10,000 shares of Arch Capital at an average price of $94.15, resulting in a total transaction of $941,500.
• Arch Capital reported quarterly earnings of $2.58 per share, exceeding analyst expectations, with a revenue of $4.35 billion against estimates of $4.29 billion.

Epoch Investment Partners Inc. cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 51.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,695 shares of the insurance provider's stock after selling 2,851 shares during the period. Epoch Investment Partners Inc.'s holdings in Arch Capital Group were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Nuveen LLC purchased a new position in Arch Capital Group during the first quarter valued at approximately $399,651,000. JPMorgan Chase & Co. grew its position in Arch Capital Group by 30.5% during the first quarter. JPMorgan Chase & Co. now owns 7,470,591 shares of the insurance provider's stock valued at $718,522,000 after purchasing an additional 1,743,945 shares in the last quarter. GAMMA Investing LLC grew its position in Arch Capital Group by 10,817.9% during the first quarter. GAMMA Investing LLC now owns 806,181 shares of the insurance provider's stock valued at $775,380,000 after purchasing an additional 798,797 shares in the last quarter. GQG Partners LLC purchased a new position in Arch Capital Group during the first quarter valued at approximately $71,769,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Arch Capital Group by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,576,223 shares of the insurance provider's stock valued at $330,264,000 after purchasing an additional 522,484 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACGL. Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group downgraded shares of 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 research report on Tuesday, June 10th. UBS Group reissued a "buy" rating and issued a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a research report on Monday, August 4th. Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.27.

Insider Buying and Selling

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total transaction of $941,500.00. Following the completion of the transaction, the insider directly owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by insiders.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded up $0.33 on Monday, reaching $91.53. The stock had a trading volume of 1,562,940 shares, compared to its average volume of 1,895,089. The business's 50-day moving average price is $89.56 and its two-hundred day moving average price is $91.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The stock has a market cap of $34.16 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 5.60 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The business had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous 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 year.

About Arch Capital Group

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.