UBS Group AG Has $153.70 Million Holdings in Arch Capital Group Ltd. $ACGL

UBS Group AG lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 41.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,602,412 shares of the insurance provider’s stock after selling 1,136,106 shares during the period. UBS Group AG’s holdings in Arch Capital Group were worth $153,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Daymark Wealth Partners LLC raised its holdings in shares of Arch Capital Group by 3.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock worth $308,000 after acquiring an additional 106 shares during the last quarter. Keel Point LLC raised its holdings in shares of Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 112 shares during the last quarter. Legacy Advisors LLC raised its holdings in shares of Arch Capital Group by 1.2% in the 4th quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after acquiring an additional 112 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of Arch Capital Group by 5.0% in the 3rd quarter. Compound Planning Inc. now owns 2,644 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 127 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Arch Capital Group by 14.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,105 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.9%

Shares of ACGL stock opened at $94.46 on Friday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 0.55. The company has a 50-day simple moving average of $96.37 and a two-hundred day simple moving average of $94.21. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 4.62 and a beta of 0.41.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. Research analysts anticipate that Arch Capital Group Ltd. will post 9.33 EPS for the current fiscal year.

Insider Activity at Arch Capital Group

In other news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total transaction of $2,112,078.30. Following the completion of the sale, the chief executive officer owned 871,594 shares in the company, valued at $83,943,218.14. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Gansberg sold 5,907 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the sale, the insider owned 336,559 shares of the company’s stock, valued at approximately $32,434,190.83. The trade was a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 78,267 shares of company stock worth $7,291,637. 3.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Arch Capital Group from $104.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Evercore set a $100.00 price objective on shares of Arch Capital Group and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Morgan Stanley set a $125.00 price objective on shares of Arch Capital Group in a research report on Friday, January 16th. Finally, Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $108.04.

About Arch Capital Group

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.