KBC Group NV Sells 104,591 Shares of Arch Capital Group Ltd. $ACGL

KBC Group NV cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,007 shares of the insurance provider’s stock after selling 104,591 shares during the period. KBC Group NV’s holdings in Arch Capital Group were worth $30,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. RBA Wealth Management LLC lifted its stake in Arch Capital Group by 1.1% in the fourth quarter. RBA Wealth Management LLC now owns 65,744 shares of the insurance provider’s stock valued at $6,306,000 after buying an additional 688 shares during the period. Farther Finance Advisors LLC grew its position in shares of Arch Capital Group by 35.0% during the 4th quarter. Farther Finance Advisors LLC now owns 8,763 shares of the insurance provider’s stock worth $841,000 after buying an additional 2,274 shares during the period. Third View Private Wealth LLC bought a new stake in shares of Arch Capital Group in the 4th quarter valued at about $661,000. Transcend Capital Advisors LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter valued at approximately $223,000. Finally, High Ground Investment Management LLP raised its position in shares of Arch Capital Group by 5.7% in the 4th quarter. High Ground Investment Management LLP now owns 1,812,072 shares of the insurance provider’s stock valued at $173,814,000 after acquiring an additional 97,404 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACGL. Keefe, Bruyette & Woods lifted their price objective on shares of Arch Capital Group from $104.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 7th. UBS Group reaffirmed a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a research note on Tuesday, February 17th. Citigroup reiterated a “buy” rating and issued a $120.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Wells Fargo & Company lifted their price target on shares of Arch Capital Group from $106.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Evercore set a $100.00 price target on shares of Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $109.40.

Insider Activity at Arch Capital Group

In related news, CEO Nicolas Papadopoulo sold 21,930 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the completion of the transaction, the insider directly owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,267 shares of company stock worth $7,291,637 over the last three months. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Price Performance

Shares of ACGL opened at $97.10 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50 day simple moving average of $96.77 and a 200 day simple moving average of $93.85. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The firm has a market capitalization of $34.59 billion, a PE ratio of 8.36, a P/E/G ratio of 4.84 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company posted $2.26 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.