Bank Julius Baer & Co. Ltd Zurich Decreases Stake in Arch Capital Group Ltd. $ACGL

Bank Julius Baer & Co. Ltd Zurich cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 62.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,397 shares of the insurance provider’s stock after selling 89,510 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Arch Capital Group were worth $5,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ACGL. Harbour Investments Inc. lifted its stake in shares of Arch Capital Group by 8.4% during the first quarter. Harbour Investments Inc. now owns 1,431 shares of the insurance provider’s stock worth $138,000 after buying an additional 111 shares during the period. TD Waterhouse Canada Inc. raised its stake in Arch Capital Group by 31.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the last quarter. TIAA Trust National Association raised its stake in Arch Capital Group by 3.1% in the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after acquiring an additional 116 shares during the last quarter. Hemington Wealth Management lifted its position in Arch Capital Group by 27.7% during the 1st quarter. Hemington Wealth Management now owns 548 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 119 shares during the period. Finally, Park National Corp OH lifted its position in Arch Capital Group by 4.4% during the 2nd quarter. Park National Corp OH now owns 2,870 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACGL has been the topic of a number of research reports. UBS Group reissued a “buy” rating and issued a $118.00 price objective (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Wells Fargo & Company dropped their target price on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Wolfe Research assumed coverage on shares of Arch Capital Group in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Tuesday, October 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Arch Capital Group in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.75.

Arch Capital Group Stock Up 0.6%

Shares of ACGL stock opened at $92.46 on Friday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $101.66. The stock has a market cap of $33.53 billion, a P/E ratio of 8.65, a P/E/G ratio of 3.24 and a beta of 0.47. The stock has a 50 day moving average of $89.42 and a 200 day moving average of $90.45. The company has a current ratio of 0.55, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $1.01. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter last year, the company earned $1.99 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

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.