DekaBank Deutsche Girozentrale Reduces Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

DekaBank Deutsche Girozentrale decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,835 shares of the insurance provider's stock after selling 7,457 shares during the period. DekaBank Deutsche Girozentrale's holdings in Arch Capital Group were worth $19,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock valued at $3,776,996,000 after acquiring an additional 104,008 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Arch Capital Group by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,100,952 shares of the insurance provider's stock valued at $716,415,000 after purchasing an additional 300,716 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock worth $573,301,000 after purchasing an additional 49,426 shares during the period. Capital International Investors lifted its stake in Arch Capital Group by 61.1% in the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock valued at $396,026,000 after buying an additional 244,285 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

ACGL has been the subject of a number of recent analyst reports. StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. TD Cowen boosted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Roth Mkm raised their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Evercore ISI lifted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Finally, Bank of America upped their target price on shares of Arch Capital Group from $119.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $119.53.

Arch Capital Group Stock Up 0.1 %

Arch Capital Group stock traded up $0.09 during trading hours on Wednesday, reaching $104.89. The stock had a trading volume of 44,620 shares, compared to its average volume of 1,621,711. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $116.47. The company has a market cap of $39.44 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 1.95 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business's 50 day moving average price is $110.84 and its 200-day moving average price is $102.67.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. Arch Capital Group's revenue for the quarter was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.06 EPS for the current year.

Insider Transactions at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.00% of the company's stock.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; 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.