UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 241,507 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• UBS Asset Management increased its stake in Arch Capital Group by 6.8%, now owning approximately 3.8 million shares valued at $367.19 million.
• A majority of the stock, around 89.07%, is held by institutional investors, indicating strong institutional interest in Arch Capital Group.
• Analysts maintain a consensus rating of "Moderate Buy" for Arch Capital Group, with a price target averaging around $111.27, despite some recent downgrades.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,817,730 shares of the insurance provider's stock after buying an additional 241,507 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.02% of Arch Capital Group worth $367,189,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in shares of Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Arch Capital Group in the 1st quarter valued at approximately $37,000. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group restated a "buy" rating and issued a $118.00 price target (down from $124.00) on shares of Arch Capital Group in a research note on Monday, August 4th. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Cowen restated a "buy" rating on shares of Arch Capital Group in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their price target on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Finally, Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Arch Capital Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.27.

Insider Activity

In other news, insider Maamoun Rajeh sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the transaction, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 1.1%

NASDAQ:ACGL opened at $90.60 on Thursday. The firm's 50 day simple moving average is $89.71 and its 200 day simple moving average is $91.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The company has a market cap of $33.81 billion, a PE ratio of 9.35, a P/E/G ratio of 5.49 and a beta of 0.51.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $2.57 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share 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.

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