Commerzbank Aktiengesellschaft FI Purchases 600 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Commerzbank Aktiengesellschaft FI increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 22.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,233 shares of the insurance provider’s stock after purchasing an additional 600 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Arch Capital Group were worth $362,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ACGL. State Board of Administration of Florida Retirement System lifted its position in shares of Arch Capital Group by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 431,105 shares of the insurance provider’s stock worth $39,851,000 after purchasing an additional 21,332 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Arch Capital Group by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider’s stock valued at $2,106,000 after buying an additional 519 shares in the last quarter. Cetera Advisors LLC boosted its position in Arch Capital Group by 70.9% in the 1st quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider’s stock valued at $1,266,000 after buying an additional 5,684 shares during the period. Consolidated Portfolio Review Corp bought a new position in Arch Capital Group in the 1st quarter worth about $1,937,000. Finally, Kinsale Capital Group Inc. increased its position in shares of Arch Capital Group by 26.0% during the first quarter. Kinsale Capital Group Inc. now owns 43,860 shares of the insurance provider’s stock worth $4,054,000 after acquiring an additional 9,064 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $107.04 on Friday. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a market cap of $40.25 billion, a PE ratio of 7.53, a P/E/G ratio of 2.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day simple moving average of $110.69 and a two-hundred day simple moving average of $102.24.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, topping 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 period last year, the business earned $1.92 EPS. Arch Capital Group’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Arch Capital Group Ltd. will post 9.06 EPS for the current fiscal year.

Insider Activity

In related 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 transaction, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACGL. JMP Securities boosted their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their target price on Arch Capital Group from $110.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays started coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.53.

Arch Capital Group Company 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.