DekaBank Deutsche Girozentrale boosted its holdings in shares of Arch Capital Group (NASDAQ:ACGL) by 47.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,362 shares of the insurance provider’s stock after purchasing an additional 12,684 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Arch Capital Group were worth $3,431,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ACGL. Alps Advisors Inc. bought a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $203,000. Parametrica Management Ltd bought a new position in shares of Arch Capital Group in the fourth quarter valued at approximately $261,000. Adalta Capital Management LLC raised its stake in shares of Arch Capital Group by 20.0% in the fourth quarter. Adalta Capital Management LLC now owns 4,800 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 800 shares during the last quarter. Dynamic Capital Management Ltd acquired a new stake in shares of Arch Capital Group in the fourth quarter valued at approximately $442,000. Finally, Eqis Capital Management Inc. increased its holdings in shares of Arch Capital Group by 15.9% in the fourth quarter. Eqis Capital Management Inc. now owns 5,083 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Get Arch Capital Group alerts:
ACGL has been the subject of a number of analyst reports. TheStreet lowered shares of Arch Capital Group from a “b” rating to a “c” rating in a report on Tuesday, May 1st. Wells Fargo set a $96.00 price target on shares of Arch Capital Group and gave the stock a “hold” rating in a research report on Monday, February 12th. BidaskClub raised shares of Arch Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Finally, ValuEngine cut shares of Arch Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have given 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 $103.50.
In other news, CFO Mark Donald Lyons sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $89.39, for a total transaction of $536,340.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian S. Posner acquired 3,000 shares of the stock in a transaction dated Thursday, May 3rd. The shares were purchased at an average price of $78.63 per share, for a total transaction of $235,890.00. Following the completion of the purchase, the director now directly owns 24,439 shares in the company, valued at $1,921,638.57. The disclosure for this purchase can be found here. 5.10% of the stock is owned by insiders.
Shares of NASDAQ:ACGL opened at $79.65 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. Arch Capital Group has a one year low of $77.12 and a one year high of $102.60. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.14 and a beta of 0.63.
Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Tuesday, May 1st. The insurance provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.19 billion. Arch Capital Group had a net margin of 9.41% and a return on equity of 6.16%. Arch Capital Group’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. equities analysts forecast that Arch Capital Group will post 6.32 EPS for the current fiscal year.
Arch Capital Group Company Profile
Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.