Vontobel Holding Ltd. Cuts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vontobel Holding Ltd. reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,835 shares of the insurance provider’s stock after selling 589 shares during the period. Vontobel Holding Ltd.’s holdings in Arch Capital Group were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group in the fourth quarter worth about $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Arch Capital Group during the 1st quarter worth approximately $27,000. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $37,000. Grove Bank & Trust acquired a new stake in Arch Capital Group during the 1st quarter worth approximately $40,000. Finally, Quarry LP purchased a new stake in shares of Arch Capital Group during the 4th quarter worth $58,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Trading Up 0.8%

Shares of NASDAQ:ACGL opened at $89.07 on Monday. The company has a market cap of $33.38 billion, a PE ratio of 9.13, a P/E/G ratio of 6.17 and a beta of 0.51. The company’s 50-day moving average price is $92.21 and its 200 day moving average price is $92.14. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACGL. Barclays reduced their price target on shares of Arch Capital Group from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. UBS Group upped their target price on shares of Arch Capital Group to $124.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $104.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Morgan Stanley set a $110.00 price target on shares of Arch Capital Group and gave the stock an “overweight” rating in a research note on Monday, May 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.27.

Insider Activity

In other news, insider Louis T. Petrillo sold 16,650 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the transaction, the insider owned 140,023 shares in the company, valued at $13,236,374.19. This represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Francois Morin sold 12,630 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $94.58, for a total transaction of $1,194,545.40. Following the sale, the chief financial officer directly owned 274,681 shares of the company’s stock, valued at approximately $25,979,328.98. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,976 shares of company stock worth $10,531,038 over the last three months. 4.10% of the stock is owned by insiders.

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.