Arch Capital Group Ltd. $ACGL Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,985 shares of the insurance provider’s stock after selling 55,245 shares during the quarter. KBC Group NV owned approximately 0.14% of Arch Capital Group worth $49,348,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position 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 worth $27,000 after buying an additional 150 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Arch Capital Group during the first quarter worth about $37,000. Caitong International Asset Management Co. Ltd lifted its holdings in Arch Capital Group by 3,450.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 414 shares during the last quarter. Hemington Wealth Management lifted its holdings in Arch Capital Group by 27.7% in the first quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 119 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective 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. Barclays set a $99.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Citigroup reiterated a “market outperform” rating on shares of Arch Capital Group in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.00.

Insider Activity at Arch Capital Group

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

Arch Capital Group Stock Up 1.2%

ACGL stock opened at $91.78 on Thursday. The firm’s 50-day moving average is $89.32 and its two-hundred day moving average is $90.41. The company has a market capitalization of $33.28 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $102.37. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the business earned $1.99 earnings per share. On average, analysts forecast that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.