Universal Beteiligungs und Servicegesellschaft mbH Trims Position in Arch Capital Group Ltd. $ACGL

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,027 shares of the insurance provider’s stock after selling 6,350 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Arch Capital Group were worth $21,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACGL. Mainstay Capital Management LLC ADV bought a new position in Arch Capital Group in the 2nd quarter worth $363,000. Steward Partners Investment Advisory LLC increased its position in shares of Arch Capital Group by 9.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 34,987 shares of the insurance provider’s stock valued at $3,365,000 after buying an additional 3,158 shares during the period. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Arch Capital Group during the second quarter valued at about $371,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Arch Capital Group by 9.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 658,813 shares of the insurance provider’s stock worth $63,365,000 after buying an additional 57,297 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its holdings in Arch Capital Group by 42.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 45,026 shares of the insurance provider’s stock worth $4,331,000 after buying an additional 13,357 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays set a $99.00 price objective on Arch Capital Group and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $88.00 price target on Arch Capital Group and gave the company a “sell” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $98.00 price objective on shares of Arch Capital Group in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $110.00 to $111.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Arch Capital Group from $102.00 to $103.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.75.

Arch Capital Group Trading Down 0.0%

Shares of NASDAQ ACGL opened at $91.79 on Wednesday. The firm’s 50 day moving average price is $89.42 and its 200-day moving average price is $90.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 0.55. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $101.66. The company has a market cap of $33.29 billion, a PE ratio of 8.59, a P/E/G ratio of 3.24 and a beta of 0.47.

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

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 10,000 shares of the firm’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 value of $941,500.00. Following the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.10% of the stock is currently owned by company 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.