KBC Group NV Buys 33,135 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

KBC Group NV raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 597,230 shares of the insurance provider's stock after purchasing an additional 33,135 shares during the period. KBC Group NV owned approximately 0.16% of Arch Capital Group worth $57,442,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new stake in Arch Capital Group in the 4th quarter valued at $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in Arch Capital Group in the 1st quarter valued at $27,000. Cullen Frost Bankers Inc. bought a new stake in Arch Capital Group in the 4th quarter valued at $37,000. Grove Bank & Trust bought a new stake in Arch Capital Group in the 1st quarter valued at $40,000. Finally, Pinnacle Bancorp Inc. bought a new stake in Arch Capital Group in the 1st quarter valued at $59,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $90.32 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $33.85 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 6.24 and a beta of 0.53. The company's 50 day moving average price is $92.39 and its two-hundred day moving average price is $92.16. 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 announced its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.45 earnings per share. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Nicolas Papadopoulo sold 7,636 shares of Arch Capital Group stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $92.48, for a total value of $706,177.28. Following the sale, the chief executive officer now directly owns 795,718 shares in the company, valued at $73,588,000.64. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of Arch Capital Group stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the completion of the sale, the insider now owns 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,976 shares of company stock worth $10,531,038. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

ACGL has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Barclays dropped their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, UBS Group increased their price objective on shares of Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target of $114.63.

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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