UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 522,484 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,576,223 shares of the insurance provider's stock after acquiring an additional 522,484 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.95% of Arch Capital Group worth $330,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACGL. Oregon Public Employees Retirement Fund lifted its stake in Arch Capital Group by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring an additional 126 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after acquiring an additional 127 shares during the period. Flagship Harbor Advisors LLC raised its stake in Arch Capital Group by 5.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after acquiring an additional 129 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Arch Capital Group by 4.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACGL shares. Wells Fargo & Company raised their target price on shares of Arch Capital Group from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group boosted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 11th. UBS Group lowered their target price on Arch Capital Group from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley set a $110.00 price target on Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $125.00 price objective on shares of Arch Capital Group in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $115.00.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer now directly owns 274,681 shares of the company's stock, valued at $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $92.48, for a total value of $706,177.28. Following the transaction, the chief executive officer now directly owns 795,718 shares of the company's stock, valued at approximately $73,588,000.64. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,576 shares of company stock worth $11,586,638 over the last three months. Insiders own 4.20% of the company's stock.

Arch Capital Group Price Performance

ACGL traded up $1.79 on Tuesday, hitting $93.86. 389,493 shares of the stock were exchanged, compared to its average volume of 1,720,044. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $116.47. The firm has a market capitalization of $35.17 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 2.31 and a beta of 0.57. The business has a 50-day moving average of $92.55 and a two-hundred day moving average of $93.23.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results 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). The firm 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 17.96% and a net margin of 24.73%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.45 EPS. Sell-side analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal 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.