DekaBank Deutsche Girozentrale Decreases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

DekaBank Deutsche Girozentrale reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,620 shares of the insurance provider’s stock after selling 27,928 shares during the period. 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 and hedge funds also recently added to or reduced their stakes in ACGL. WCM Investment Management LLC purchased a new position in Arch Capital Group in the 1st quarter valued at about $866,650,000. Norges Bank purchased a new position in Arch Capital Group in the 4th quarter valued at about $207,242,000. Morgan Stanley boosted its position in Arch Capital Group by 116.3% in the 4th quarter. Morgan Stanley now owns 3,585,197 shares of the insurance provider’s stock valued at $225,079,000 after buying an additional 1,927,830 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Arch Capital Group by 112.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,620,807 shares of the insurance provider’s stock worth $208,905,000 after purchasing an additional 1,387,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Arch Capital Group by 49.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,859,630 shares of the insurance provider’s stock worth $288,893,000 after purchasing an additional 1,269,730 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ACGL shares. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen started coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target on the stock. JMP Securities increased their price target on shares of Arch Capital Group from $95.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Finally, Evercore ISI increased their price target on shares of Arch Capital Group from $85.00 to $92.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.77.

Insider Activity at Arch Capital Group

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now directly owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Francois Morin sold 25,689 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the sale, the chief financial officer now owns 221,779 shares of the company’s stock, valued at $19,399,009.13. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 over the last quarter. 4.00% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $94.55 on Tuesday. Arch Capital Group Ltd. has a 52 week low of $68.31 and a 52 week high of $95.01. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $35.47 billion, a P/E ratio of 8.14, a PEG ratio of 1.19 and a beta of 0.57. The firm’s 50 day moving average is $88.07 and its two-hundred day moving average is $83.37.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Thursday, February 15th. The insurance provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.55. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the business earned $2.14 earnings per share. Analysts anticipate that Arch Capital Group Ltd. will post 8 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.