Vontobel Holding Ltd. Has $832,000 Stock Holdings in Arch Capital Group Ltd. $ACGL

Vontobel Holding Ltd. boosted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 33.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,140 shares of the insurance provider’s stock after purchasing an additional 2,305 shares during the quarter. Vontobel Holding Ltd.’s holdings in Arch Capital Group were worth $832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shell Asset Management Co. raised its position in shares of Arch Capital Group by 20.8% in the 2nd quarter. Shell Asset Management Co. now owns 80,833 shares of the insurance provider’s stock valued at $7,360,000 after buying an additional 13,896 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Arch Capital Group by 2.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 172,341 shares of the insurance provider’s stock valued at $15,692,000 after buying an additional 4,600 shares in the last quarter. DAVENPORT & Co LLC raised its position in Arch Capital Group by 30.0% during the second quarter. DAVENPORT & Co LLC now owns 3,399 shares of the insurance provider’s stock valued at $309,000 after purchasing an additional 785 shares in the last quarter. 111 Capital bought a new stake in Arch Capital Group during the second quarter worth $1,246,000. Finally, QRG Capital Management Inc. increased its stake in shares of Arch Capital Group by 3.7% in the 2nd quarter. QRG Capital Management Inc. now owns 87,525 shares of the insurance provider’s stock valued at $7,969,000 after purchasing an additional 3,156 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.2%

NASDAQ ACGL opened at $92.25 on Tuesday. The business’s 50-day moving average price is $90.70 and its two-hundred day moving average price is $91.01. Arch Capital Group Ltd. has a 12 month low of $82.49 and a 12 month high of $113.10. The firm has a market capitalization of $34.43 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 5.47 and a beta of 0.47. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the business posted $2.57 earnings per share. On average, analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $102.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Wolfe Research initiated coverage on Arch Capital Group in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald raised shares of Arch Capital Group to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arch Capital Group in a report on Wednesday, October 8th. Finally, Barclays set a $99.00 price target on shares of Arch Capital Group and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.31.

Insider Activity at Arch Capital Group

In other news, insider Maamoun Rajeh sold 10,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider directly owned 433,589 shares of the company’s stock, valued at approximately $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.10% of the company’s stock.

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.