Arch Capital Group Ltd. $ACGL Holdings Boosted by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 515.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,429 shares of the insurance provider’s stock after buying an additional 9,573 shares during the period. Raiffeisen Bank International AG’s holdings in Arch Capital Group were worth $1,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ACGL. Geneos Wealth Management Inc. boosted its position in Arch Capital Group by 157.9% during the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 412 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Arch Capital Group during the 2nd quarter worth about $253,000. Bleakley Financial Group LLC lifted its holdings in shares of Arch Capital Group by 7.3% during the 2nd quarter. Bleakley Financial Group LLC now owns 13,293 shares of the insurance provider’s stock valued at $1,210,000 after buying an additional 901 shares during the last quarter. R Squared Ltd bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at approximately $273,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. UBS Group reiterated a “buy” rating and issued a $114.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Tuesday, February 17th. Roth Mkm set a $110.00 target price on Arch Capital Group and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Royal Bank Of Canada upped their price target on Arch Capital Group from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.20.

Insiders Place Their Bets

In related news, insider John M. Pasquesi sold 8,800 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $94.17, for a total transaction of $828,696.00. Following the sale, the insider directly owned 289,556 shares in the company, valued at $27,267,488.52. This represents a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maamoun Rajeh sold 47,430 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.12, for a total value of $4,558,971.60. Following the sale, the insider owned 433,589 shares in the company, valued at $41,676,574.68. The trade was a 9.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 268,096 shares of company stock valued at $25,287,645. 4.10% of the stock is currently owned by insiders.

Arch Capital Group Stock Up 0.2%

NASDAQ ACGL opened at $98.49 on Monday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The stock has a market cap of $35.72 billion, a PE ratio of 8.48, a PEG ratio of 3.94 and a beta of 0.42. The firm has a 50-day simple moving average of $95.73 and a 200 day simple moving average of $92.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.53.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.64. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same quarter in the previous year, the company earned $2.26 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.