Arch Capital Group Ltd. $ACGL Holdings Lowered by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 36.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,670 shares of the insurance provider’s stock after selling 16,748 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $2,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Arch Capital Group by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,414,557 shares of the insurance provider’s stock worth $3,861,845,000 after purchasing an additional 493,583 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Arch Capital Group by 1.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 23,833,290 shares of the insurance provider’s stock valued at $2,170,021,000 after purchasing an additional 408,950 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock valued at $1,214,987,000 after purchasing an additional 171,693 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Arch Capital Group by 1.1% in the second quarter. Geode Capital Management LLC now owns 10,502,003 shares of the insurance provider’s stock worth $952,523,000 after buying an additional 115,465 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Arch Capital Group by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock worth $743,168,000 after buying an additional 360,626 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 0.6%

NASDAQ:ACGL opened at $96.19 on Wednesday. The company has a market capitalization of $34.22 billion, a P/E ratio of 8.28, a P/E/G ratio of 3.84 and a beta of 0.40. The stock’s 50 day moving average price is $96.27 and its 200 day moving average price is $92.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.53. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. During the same period in the previous year, the company earned $2.26 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Maamoun Rajeh sold 47,430 shares of Arch Capital Group stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.12, for a total value of $4,558,971.60. Following the completion of the sale, the insider owned 433,589 shares of the company’s stock, valued at approximately $41,676,574.68. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. This represents a 36.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 260,096 shares of company stock worth $24,530,685 in the last 90 days. 4.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACGL. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a report on Thursday, February 12th. Barclays set a $104.00 price target on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Wells Fargo & Company boosted their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 price objective (up from $84.00) on shares of Arch Capital Group in a research note on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.20.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.