Universal Beteiligungs und Servicegesellschaft mbH Raises Stake in Arch Capital Group Ltd. $ACGL

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.4% during the fourth quarter, HoldingsChannel reports. The firm owned 292,070 shares of the insurance provider’s stock after buying an additional 73,161 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Arch Capital Group were worth $28,045,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthCollab LLC boosted its stake in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Arch Capital Group during the third quarter worth about $28,000. Grove Bank & Trust acquired a new position in Arch Capital Group in the 4th quarter valued at about $30,000. Aventura Private Wealth LLC acquired a new position in Arch Capital Group in the 4th quarter valued at about $30,000. Finally, TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 72.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $98.07 on Friday. The firm has a market capitalization of $34.94 billion, a P/E ratio of 8.44, a PEG ratio of 4.82 and a beta of 0.41. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The company’s fifty day moving average is $96.68 and its two-hundred day moving average is $94.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm posted $2.26 EPS. Analysts forecast that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Analysts Set New Price Targets

ACGL has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. UBS Group reissued a “buy” rating and issued a $114.00 target price (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Royal Bank Of Canada upped their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Arch Capital Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research note on Friday, January 16th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Hold” and a consensus price target of $108.93.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the sale, the director directly owned 2,000 shares in the company, valued at $34,220. The trade was a 60.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,267 shares of company stock valued at $7,291,637 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Arch Capital Group Profile

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.