Arch Capital Group Ltd. $ACGL Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,719 shares of the insurance provider’s stock after selling 8,664 shares during the period. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Arch Capital Group in the 4th quarter valued at about $463,208,000. First Trust Advisors LP grew its holdings in Arch Capital Group by 409.5% during the third quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock worth $257,278,000 after acquiring an additional 2,279,147 shares during the period. AQR Capital Management LLC raised its position in Arch Capital Group by 184.1% during the fourth quarter. AQR Capital Management LLC now owns 2,670,628 shares of the insurance provider’s stock valued at $256,167,000 after acquiring an additional 1,730,487 shares in the last quarter. Fiduciary Management Inc. WI purchased a new stake in Arch Capital Group in the 4th quarter worth approximately $106,683,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Arch Capital Group by 572.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,268,601 shares of the insurance provider’s stock worth $121,684,000 after purchasing an additional 1,080,049 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In related news, Director Daniel Joseph Houston bought 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This trade represents a 114.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. Insiders own 3.30% of the company’s stock.

Arch Capital Group Trading Down 0.6%

Shares of ACGL opened at $94.33 on Friday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $103.39. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $93.65 and its two-hundred day moving average is $95.01. The stock has a market cap of $32.96 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 4.75 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The business had revenue of $4.52 billion during the quarter. Research analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ACGL shares. JPMorgan Chase & Co. cut their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Barclays lifted their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Mizuho decreased their target price on Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.81.

About Arch Capital Group

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.