Allianz Asset Management GmbH Has $29.66 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Allianz Asset Management GmbH cut its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 12.7% in the 4th quarter, HoldingsChannel reports. The fund owned 321,205 shares of the insurance provider’s stock after selling 46,601 shares during the quarter. Allianz Asset Management GmbH’s holdings in Arch Capital Group were worth $29,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ACGL. Signaturefd LLC lifted its holdings in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 187 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Arch Capital Group by 39.1% during the third quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock worth $1,272,000 after buying an additional 3,195 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Arch Capital Group by 9.9% during the third quarter. Greenleaf Trust now owns 2,808 shares of the insurance provider’s stock worth $314,000 after buying an additional 254 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Arch Capital Group by 9.7% in the third quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider’s stock valued at $3,479,000 after acquiring an additional 2,741 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Arch Capital Group by 1.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,759 shares of the insurance provider’s stock valued at $4,509,000 after acquiring an additional 393 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Down 1.0 %

ACGL stock opened at $88.13 on Monday. The firm has a 50-day moving average price of $91.96 and a 200-day moving average price of $100.68. Arch Capital Group Ltd. has a 12 month low of $84.00 and a 12 month high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $33.16 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the company earned $2.45 EPS. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Morgan Stanley cut their price target on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group reduced their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

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.