Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,377 shares of the insurance provider’s stock after selling 6,369 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Arch Capital Group were worth $23,504,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd increased its position in shares of Arch Capital Group by 91.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 14,517 shares of the insurance provider’s stock valued at $1,396,000 after acquiring an additional 6,949 shares during the last quarter. Hartford Funds Management Co LLC grew its holdings in shares of Arch Capital Group by 12.9% in the first quarter. Hartford Funds Management Co LLC now owns 6,233 shares of the insurance provider’s stock valued at $599,000 after purchasing an additional 711 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of Arch Capital Group in the first quarter valued at approximately $541,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Arch Capital Group by 1.8% in the first 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 purchasing an additional 1,538 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Arch Capital Group by 31.0% in the first quarter. IFP Advisors Inc now owns 2,280 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 540 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACGL shares. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price target on shares of Arch Capital Group in a research note on Wednesday, April 30th. Wells Fargo & Company restated an “overweight” rating and set a $110.00 price objective (up previously from $108.00) on shares of Arch Capital Group in a research report on Thursday, July 10th. Barclays reduced their price objective on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $101.00 price objective (down previously from $113.00) on shares of Arch Capital Group in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group downgraded shares of Arch Capital Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Eight investment 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.60.

Insider Activity at Arch Capital Group

In related news, insider John M. Pasquesi sold 75,060 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total transaction of $7,056,390.60. Following the transaction, the insider directly owned 579,218 shares in the company, valued at $54,452,284.18. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the transaction, the chief financial officer owned 274,681 shares in the company, valued at $25,979,328.98. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,976 shares of company stock worth $10,531,038 over the last three months. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Trading Down 0.4%

Shares of ACGL stock opened at $88.62 on Thursday. The firm has a market cap of $33.21 billion, a P/E ratio of 9.08, a PEG ratio of 6.19 and a beta of 0.51. Arch Capital Group Ltd. has a 1-year low of $82.49 and a 1-year high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50-day simple moving average is $91.28 and its 200-day simple moving average is $91.86.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $2.45 EPS. As a group, equities analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current 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.