42,651 Shares in Arch Capital Group Ltd. (NASDAQ:ACGL) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 42,651 shares of Arch Capital Group Ltd. for approximately $4.1 million, marking a significant investment during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Arch Capital Group, with price targets ranging from $100 to $124, indicating mixed outlooks on the stock’s performance.
• Insider trading activity shows that both the CFO and CEO sold shares recently, decreasing their respective holdings by 4.40% and 0.95%.

Banque Cantonale Vaudoise acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,651 shares of the insurance provider's stock, valued at approximately $4,103,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its position in shares of Arch Capital Group by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 228,753 shares of the insurance provider's stock worth $21,125,000 after acquiring an additional 31,591 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Arch Capital Group by 14.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,282 shares of the insurance provider's stock worth $1,319,000 after acquiring an additional 1,772 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Arch Capital Group by 35.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,614 shares of the insurance provider's stock worth $798,000 after acquiring an additional 2,267 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Arch Capital Group during the fourth quarter worth $554,000. Finally, Franklin Resources Inc. raised its position in shares of Arch Capital Group by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 616,723 shares of the insurance provider's stock worth $56,954,000 after acquiring an additional 8,256 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACGL shares. Morgan Stanley set a $110.00 price objective on Arch Capital Group and gave the company an "overweight" rating in a report on Monday, May 19th. UBS Group upped their price objective on Arch Capital Group to $124.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Jefferies Financial Group downgraded Arch Capital Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $106.00 to $100.00 in a report on Tuesday, June 10th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $101.00 price objective (down previously from $113.00) on shares of Arch Capital Group in a report on Wednesday, July 9th. Finally, Barclays lowered their price target on Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.40.

Insider Transactions at Arch Capital Group

In other news, insider Louis T. Petrillo sold 16,650 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.53, for a total transaction of $1,573,924.50. Following the completion of the transaction, the insider owned 140,023 shares of the company's stock, valued at approximately $13,236,374.19. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John M. Pasquesi sold 75,060 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.01, for a total value of $7,056,390.60. Following the sale, the insider owned 579,218 shares in the company, valued at $54,452,284.18. This represents a 11.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,340 shares of company stock valued at $9,824,861. Corporate insiders own 4.20% of the company's stock.

Arch Capital Group Stock Up 2.3%

NASDAQ ACGL traded up $1.94 during trading hours on Friday, hitting $88.00. 2,846,752 shares of the company traded hands, compared to its average volume of 2,782,390. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The stock has a market capitalization of $32.98 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 6.54 and a beta of 0.49. The business's 50-day moving average is $90.33 and its 200-day moving average is $91.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.56 and a current ratio of 0.56.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.29 billion. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%. During the same period last year, the firm posted $2.57 earnings per share. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

About Arch Capital Group

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.