Banque Cantonale Vaudoise Buys 35,060 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Banque Cantonale Vaudoise grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 172.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,423 shares of the insurance provider’s stock after purchasing an additional 35,060 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $6,201,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new position in Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA grew its position in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after buying an additional 104 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group in the 2nd quarter worth about $35,000. LRI Investments LLC purchased a new stake in shares of Arch Capital Group in the 1st quarter worth about $38,000. Finally, Versant Capital Management Inc grew its position in shares of Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider’s stock worth $46,000 after buying an additional 131 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ACGL. Evercore ISI upped their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Bank of America cut their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.94.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $96.98 on Tuesday. The firm’s 50 day moving average price is $107.74 and its 200-day moving average price is $103.38. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $36.49 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $2.31 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date is Monday, November 18th.

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.