DekaBank Deutsche Girozentrale Sells 27,928 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

DekaBank Deutsche Girozentrale cut its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,620 shares of the insurance provider's stock after selling 27,928 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Arch Capital Group were worth $13,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ACGL. WCM Investment Management LLC acquired a new stake in Arch Capital Group in the first quarter valued at approximately $866,650,000. Norges Bank acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $207,242,000. Morgan Stanley lifted its stake in Arch Capital Group by 116.3% in the fourth quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider's stock valued at $225,079,000 after acquiring an additional 1,927,830 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Arch Capital Group by 112.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider's stock valued at $208,905,000 after acquiring an additional 1,387,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Arch Capital Group by 49.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider's stock valued at $288,893,000 after acquiring an additional 1,269,730 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ACGL shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $98.00 target price on shares of Arch Capital Group in a research note on Friday, February 16th. JMP Securities boosted their price objective on shares of Arch Capital Group from $95.00 to $100.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 15th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. TD Cowen assumed coverage on shares of Arch Capital Group in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $96.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.77.

Arch Capital Group Stock Performance

ACGL stock traded down $3.33 on Tuesday, reaching $91.22. 2,371,035 shares of the company were exchanged, compared to its average volume of 1,753,206. Arch Capital Group Ltd. has a 12 month low of $68.31 and a 12 month high of $95.01. The stock's fifty day moving average price is $88.07 and its 200 day moving average price is $83.37. The firm has a market capitalization of $34.22 billion, a PE ratio of 8.14, a PEG ratio of 1.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.55. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter in the previous year, the firm posted $2.14 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8 EPS for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $19,399,009.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Francois Morin sold 25,689 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.47, for a total value of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $19,399,009.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Maamoun Rajeh sold 50,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the completion of the sale, the chief executive officer now directly owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock valued at $11,872,217 in the last 90 days. 4.00% of the stock is currently owned by company 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.