Swiss National Bank Reduces Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Swiss National Bank cut its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,166,200 shares of the insurance provider’s stock after selling 31,800 shares during the quarter. Swiss National Bank’s holdings in Arch Capital Group were worth $86,614,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ACGL. Commonwealth Equity Services LLC raised its stake in Arch Capital Group by 109.3% during the third quarter. Commonwealth Equity Services LLC now owns 45,198 shares of the insurance provider’s stock worth $3,603,000 after purchasing an additional 23,607 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Arch Capital Group by 4.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,011 shares of the insurance provider’s stock valued at $1,037,000 after buying an additional 585 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in Arch Capital Group by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 182,300 shares of the insurance provider’s stock valued at $14,531,000 after acquiring an additional 4,900 shares during the last quarter. Forsta AP Fonden grew its position in Arch Capital Group by 3.0% in the third quarter. Forsta AP Fonden now owns 68,300 shares of the insurance provider’s stock worth $5,444,000 after acquiring an additional 2,000 shares during the period. Finally, New York State Teachers Retirement System grew its position in Arch Capital Group by 0.5% in the third quarter. New York State Teachers Retirement System now owns 408,647 shares of the insurance provider’s stock worth $32,573,000 after acquiring an additional 2,196 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Down 0.8 %

Arch Capital Group stock opened at $94.41 on Friday. The firm has a market capitalization of $35.42 billion, a P/E ratio of 7.45, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $69.05 and a twelve month high of $96.58. The stock’s fifty day simple moving average is $91.15 and its 200-day simple moving average is $84.77.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. Arch Capital Group’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. As a group, equities analysts expect that Arch Capital Group Ltd. will post 8.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, insider Nicolas Papadopoulo sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the sale, the insider now directly owns 651,931 shares of the company’s stock, valued at approximately $57,057,001.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Maamoun Rajeh sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the sale, the chief executive officer now owns 336,170 shares of the company’s stock, valued at approximately $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total value of $5,251,200.00. Following the completion of the transaction, the insider now directly owns 651,931 shares of the company’s stock, valued at $57,057,001.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,689 shares of company stock worth $11,872,217. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACGL. Bank of America upped their price target on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. TD Cowen began coverage on shares of Arch Capital Group in a research report on Wednesday, January 10th. They set an “outperform” rating and a $96.00 price target for the company. Citigroup decreased their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, January 22nd. Finally, StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Arch Capital Group 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.