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

KBC Group NV boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 597,230 shares of the insurance provider's stock after buying an additional 33,135 shares during the period. KBC Group NV owned 0.16% of Arch Capital Group worth $57,442,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cim LLC boosted its holdings in shares of Arch Capital Group by 1.1% in the fourth quarter. Cim LLC now owns 11,194 shares of the insurance provider's stock valued at $1,034,000 after acquiring an additional 124 shares in the last quarter. CreativeOne Wealth LLC raised its holdings 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 worth $248,000 after purchasing an additional 126 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after purchasing an additional 127 shares during the period. Aurora Investment Managers LLC. boosted its stake in Arch Capital Group by 0.6% during the 1st 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 in the last quarter. Finally, Synovus Financial Corp boosted its stake in Arch Capital Group by 3.0% during the 4th quarter. Synovus Financial Corp now owns 4,740 shares of the insurance provider's stock valued at $438,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACGL. JMP Securities reissued a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Barclays dropped their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $106.00 to $100.00 in a report on Tuesday, June 10th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.27.

Arch Capital Group Stock Up 0.8%

Shares of ACGL traded up $0.69 during mid-day trading on Thursday, reaching $89.07. The company's stock had a trading volume of 1,964,531 shares, compared to its average volume of 1,711,767. Arch Capital Group Ltd. has a 1 year low of $82.49 and a 1 year high of $116.47. 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 company has a market cap of $33.38 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 6.33 and a beta of 0.51. The business has a fifty day moving average of $92.30 and a 200 day moving average of $92.12.

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

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the company's 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 transaction, the chief executive officer owned 795,718 shares in the company, valued at approximately $73,588,000.64. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction 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 transaction, the insider owned 579,218 shares in the company, valued at approximately $54,452,284.18. This 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 valued at $10,531,038. 4.20% of the stock is owned by company insiders.

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.