Banque Cantonale Vaudoise Grows Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Banque Cantonale Vaudoise boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 58.2% in the second quarter, HoldingsChannel.com reports. The fund owned 20,363 shares of the insurance provider’s stock after purchasing an additional 7,490 shares during the period. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $2,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACGL. Norges Bank purchased a new position in Arch Capital Group during the 4th quarter valued at about $309,496,000. Capital International Investors raised its position in shares of Arch Capital Group by 61.1% during the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after acquiring an additional 1,560,173 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after acquiring an additional 1,216,080 shares in the last quarter. Principal Financial Group Inc. increased its position in Arch Capital Group by 11.4% during the first quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock worth $628,614,000 after buying an additional 693,608 shares during the period. Finally, Gladstone Capital Management LLP increased its position in Arch Capital Group by 52.8% during the fourth quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock worth $102,887,000 after buying an additional 478,570 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

Arch Capital Group Stock Up 0.2 %

ACGL opened at $113.09 on Friday. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $113.66. The company has a market cap of $42.53 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.05 and a beta of 0.58. The business’s fifty day moving average is $100.24 and its two-hundred day moving average is $96.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.60 and a current ratio of 0.60.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their target price on Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm lifted their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Keefe, Bruyette & Woods lifted their price target on Arch Capital Group from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $111.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

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.