Arch Capital Group Ltd. $ACGL Stake Lessened by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA lowered its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,772 shares of the insurance provider’s stock after selling 15,450 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Arch Capital Group were worth $1,992,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WealthCollab LLC lifted its holdings in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at $28,000. Grove Bank & Trust purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at $30,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group during the fourth quarter worth $30,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $93.80 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 5.15 and a beta of 0.35. 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 price is $96.12 and its two-hundred day moving average price is $94.38.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Gansberg sold 5,907 shares of Arch Capital Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total value of $569,257.59. Following the transaction, the insider directly owned 336,559 shares in the company, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicolas Papadopoulo sold 21,930 shares of Arch Capital Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. The trade was a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 78,267 shares of company stock valued at $7,291,637 in the last ninety days. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ACGL shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Wells Fargo & Company increased their price objective on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Mizuho cut their price objective on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Finally, UBS Group reiterated a “buy” rating and set a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $106.32.

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.