Universal Beteiligungs und Servicegesellschaft mbH Sells 6,369 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,377 shares of the insurance provider's stock after selling 6,369 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Arch Capital Group worth $23,504,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its stake in Arch Capital Group by 91.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,517 shares of the insurance provider's stock worth $1,396,000 after purchasing an additional 6,949 shares in the last quarter. Hartford Funds Management Co LLC boosted its stake in Arch Capital Group by 12.9% in the 1st quarter. Hartford Funds Management Co LLC now owns 6,233 shares of the insurance provider's stock worth $599,000 after purchasing an additional 711 shares in the last quarter. Gallacher Capital Management LLC bought a new position in Arch Capital Group in the 1st quarter worth about $541,000. Teachers Retirement System of The State of Kentucky lifted its stake in Arch Capital Group by 1.8% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 87,732 shares of the insurance provider's stock valued at $8,438,000 after acquiring an additional 1,538 shares during the period. Finally, IFP Advisors Inc lifted its stake in Arch Capital Group by 31.0% during the 1st quarter. IFP Advisors Inc now owns 2,280 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 540 shares during the period. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ACGL. Jefferies Financial Group cut shares of Arch Capital Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $106.00 to $100.00 in a research note on Tuesday, June 10th. Morgan Stanley set a $110.00 target price on shares of Arch Capital Group and gave the company an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their target price 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. JMP Securities restated a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a research note on Wednesday, April 30th. Finally, Barclays lowered their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average target price of $113.60.

Arch Capital Group Stock Performance

Shares of ACGL traded up $0.89 on Friday, reaching $88.89. The company's stock had a trading volume of 2,552,610 shares, compared to its average volume of 2,684,975. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The stock has a market capitalization of $33.31 billion, a P/E ratio of 9.11, a PEG ratio of 6.12 and a beta of 0.51. The stock's 50 day simple moving average is $91.01 and its two-hundred day simple moving average is $91.79. 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 (NASDAQ:ACGL - Get Free Report) last released its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the business posted $2.45 EPS. Arch Capital Group's revenue was up 10.5% on a year-over-year basis. Research analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other Arch Capital Group news, CEO Nicolas Papadopoulo sold 7,636 shares of the firm'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 transaction of $706,177.28. Following the sale, the chief executive officer owned 795,718 shares in the company, valued at approximately $73,588,000.64. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer owned 274,681 shares in the company, valued at approximately $25,979,328.98. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,976 shares of company stock worth $10,531,038 in the last quarter. 4.20% of the stock is currently owned by 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.