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Bank Julius Baer & Co. Ltd Zurich Decreases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Arch Capital Group logo with Finance background

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,907 shares of the insurance provider's stock after selling 7,265 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Arch Capital Group were worth $13,838,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Arch Capital Group during the first quarter worth approximately $27,000. Wayfinding Financial LLC purchased a new stake in Arch Capital Group in the 1st quarter valued at $31,000. Grove Bank & Trust purchased a new stake in Arch Capital Group in the 1st quarter valued at $40,000. Finally, Quarry LP bought a new position in Arch Capital Group during the 4th quarter valued at $58,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arch Capital Group news, CFO Francois Morin sold 12,630 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $94.58, for a total value of $1,194,545.40. Following the sale, the chief financial officer owned 274,681 shares of the company's stock, valued at $25,979,328.98. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Louis T. Petrillo sold 16,650 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.53, for a total value of $1,573,924.50. Following the completion of the sale, the insider directly owned 140,023 shares in the company, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,976 shares of company stock worth $10,531,038. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACGL. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $125.00 price objective on shares of Arch Capital Group in a research note on Wednesday, April 30th. Barclays dropped their price objective on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company restated an "overweight" rating and set a $110.00 price objective (up from $108.00) on shares of Arch Capital Group in a research note on Thursday, July 10th. Finally, UBS Group raised their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $113.60.

Get Our Latest Report on ACGL

Arch Capital Group Stock Performance

Shares of ACGL stock traded up $0.89 on Friday, hitting $88.89. 2,552,610 shares of the stock were exchanged, compared to its average volume of 2,684,975. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $33.31 billion, a PE ratio of 9.11, a P/E/G ratio of 6.12 and a beta of 0.51. Arch Capital Group Ltd. has a one year low of $82.49 and a one year high of $116.47. The firm's 50 day moving average is $91.01 and its two-hundred day moving average is $91.79.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Arch Capital Group had a return on equity of 15.79% and a net margin of 20.72%. The company had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same period last year, the company posted $2.45 EPS. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Profile

(Free Report)

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.

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