Munich Reinsurance Co Stock Corp in Munich Has $2.26 Million Stake in Arch Capital Group Ltd. $ACGL

Munich Reinsurance Co Stock Corp in Munich reduced its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 40.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,527 shares of the insurance provider’s stock after selling 16,082 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Arch Capital Group were worth $2,258,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ACGL. WealthCollab LLC grew its holdings 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 valued at $27,000 after buying an additional 238 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Arch Capital Group in the 4th quarter worth about $27,000. JPL Wealth Management LLC acquired a new stake in shares of Arch Capital Group in the 3rd quarter worth about $28,000. Aventura Private Wealth LLC bought a new position in Arch Capital Group in the 4th quarter valued at about $30,000. Finally, Grove Bank & Trust bought a new position in Arch Capital Group in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research report on Thursday. Mizuho lifted their target price on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of “Hold” and an average target price of $108.12.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $101.70 on Friday. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $105.09. The company’s 50 day moving average price is $94.27 and its two-hundred day moving average price is $95.45. The stock has a market cap of $35.53 billion, a P/E ratio of 7.81, a P/E/G ratio of 5.12 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $4.52 billion during the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.27 earnings per share for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by insiders.

Arch Capital Group Company 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.