Arch Capital Group Ltd. $ACGL Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,817,730 shares of the insurance provider's stock after acquiring an additional 241,507 shares during the period. 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 modified their holdings of ACGL. Nuveen LLC purchased a new stake in Arch Capital Group during the first quarter worth $399,651,000. JPMorgan Chase & Co. boosted 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 stake in Arch Capital Group by 10,817.9% in 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 during the last quarter. GQG Partners LLC purchased a new position in Arch Capital Group in the first quarter worth $71,769,000. Finally, Champlain Investment Partners LLC purchased a new position in Arch Capital Group during the 1st quarter worth $48,040,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ACGL. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. Jefferies Financial Group downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $106.00 to $100.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. Wells Fargo & Company dropped their price target on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald raised Arch Capital Group to a "hold" rating in a report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.27.

Arch Capital Group Trading Down 2.7%

ACGL traded down $2.41 during mid-day trading on Tuesday, hitting $87.45. 632,124 shares of the stock were exchanged, compared to its average volume of 1,913,969. The company has a market cap of $32.64 billion, a PE ratio of 9.01, a PEG ratio of 5.65 and a beta of 0.51. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average is $89.84 and its two-hundred day moving average is $91.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating 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 company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the company posted $2.57 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group 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 transaction of $941,500.00. Following the completion of the transaction, the insider owned 433,589 shares in the company, valued at $40,822,404.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is owned by corporate insiders.

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.