UBS Asset Management Americas Inc. lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 627,572 shares of the insurance provider’s stock after acquiring an additional 6,160 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.48% of Arch Capital Group worth $56,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in Arch Capital Group by 3.2% during the second quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 237 shares during the period. Macquarie Group Ltd. grew its stake in Arch Capital Group by 387.5% during the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the insurance provider’s stock worth $364,000 after purchasing an additional 3,100 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Arch Capital Group during the second quarter worth approximately $413,000. Dynamic Technology Lab Private Ltd acquired a new stake in Arch Capital Group during the second quarter worth approximately $229,000. Finally, First Trust Advisors LP grew its stake in Arch Capital Group by 53.6% during the third quarter. First Trust Advisors LP now owns 136,092 shares of the insurance provider’s stock worth $13,405,000 after purchasing an additional 47,494 shares during the period. Institutional investors own 76.96% of the company’s stock.
Several equities research analysts recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Arch Capital Group in a research note on Monday, October 30th. BidaskClub cut Arch Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a research note on Wednesday, December 6th. Finally, Wells Fargo & Co set a $100.00 target price on Arch Capital Group and gave the stock a “hold” rating in a research note on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Arch Capital Group has an average rating of “Hold” and a consensus target price of $100.67.
Shares of Arch Capital Group Ltd. (NASDAQ:ACGL) opened at $87.98 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Arch Capital Group Ltd. has a one year low of $85.35 and a one year high of $102.60. The company has a market capitalization of $12,022.64, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62.
Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.21. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. equities research analysts expect that Arch Capital Group Ltd. will post 6.21 EPS for the current fiscal year.
In related news, CFO Mark Donald Lyons sold 5,500 shares of Arch Capital Group stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $92.04, for a total transaction of $506,220.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Louis T. Petrillo sold 5,921 shares of Arch Capital Group stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $91.07, for a total value of $539,225.47. Following the transaction, the insider now directly owns 43,268 shares in the company, valued at approximately $3,940,416.76. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.
Arch Capital Group Company Profile
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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