Vontobel Holding Ltd. Reduces Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vontobel Holding Ltd. cut its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,592 shares of the insurance provider’s stock after selling 1,146 shares during the period. Vontobel Holding Ltd.’s holdings in Arch Capital Group were worth $787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACGL. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Arch Capital Group in the fourth quarter worth about $27,000. CENTRAL TRUST Co lifted its stake in shares of Arch Capital Group by 57.3% in the 3rd quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 252 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Arch Capital Group by 151.0% during the first quarter. First Horizon Advisors Inc. now owns 497 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 299 shares in the last quarter. Steward Financial Group LLC grew its stake in Arch Capital Group by 180.7% in the third quarter. Steward Financial Group LLC now owns 525 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 338 shares during the period. Finally, CVA Family Office LLC bought a new position in Arch Capital Group in the fourth quarter worth $47,000. Institutional investors own 89.07% of the company’s stock.

Insider Activity

In related news, insider Nicolas Papadopoulo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now owns 651,931 shares in the company, valued at $57,057,001.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total value of $2,247,016.83. Following the completion of the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $19,399,009.13. The disclosure for this sale can be found here. Insiders sold 135,689 shares of company stock valued at $11,872,217 over the last three months. Insiders own 4.00% of the company’s stock.

Arch Capital Group Stock Up 1.7 %

ACGL stock opened at $92.93 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The stock has a market capitalization of $34.86 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.16 and a beta of 0.57. The business has a fifty day moving average price of $89.55 and a 200-day moving average price of $84.05.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.55. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.67 billion. Arch Capital Group had a return on equity of 21.94% and a net margin of 32.59%. During the same quarter in the previous year, the firm earned $2.14 EPS. Equities analysts forecast that Arch Capital Group Ltd. will post 8.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Arch Capital Group in a research report on Monday, April 15th. UBS Group decreased their target price on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Citigroup dropped their target price on Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.23.

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.