Banque Cantonale Vaudoise Buys 16,713 Shares of Arch Capital Group Ltd. $ACGL

Banque Cantonale Vaudoise boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 58.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,383 shares of the insurance provider’s stock after buying an additional 16,713 shares during the period. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $4,353,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Bridges Investment Management Inc. bought a new stake in Arch Capital Group in the third quarter worth $1,413,000. Allianz Asset Management GmbH boosted its holdings in Arch Capital Group by 12.5% in the third quarter. Allianz Asset Management GmbH now owns 192,567 shares of the insurance provider’s stock worth $17,472,000 after acquiring an additional 21,323 shares in the last quarter. High Ground Investment Management LLP boosted its holdings in Arch Capital Group by 3.5% in the third quarter. High Ground Investment Management LLP now owns 1,714,668 shares of the insurance provider’s stock worth $155,572,000 after acquiring an additional 58,151 shares in the last quarter. WCM Investment Management LLC boosted its holdings in Arch Capital Group by 1.3% in the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares in the last quarter. Finally, Cooke & Bieler LP bought a new stake in Arch Capital Group in the third quarter worth $210,856,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company upped their price objective on Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, Barclays upped their price objective on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.32.

Arch Capital Group Price Performance

NASDAQ ACGL opened at $96.84 on Thursday. The business’s fifty day moving average price is $95.37 and its 200-day moving average price is $94.89. The stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 5.31 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55. Arch Capital Group Ltd. has a 1-year low of $82.44 and a 1-year high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.27 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian S. Posner sold 3,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total value of $51,330.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at $34,220. The trade was a 60.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,837 shares of company stock valued at $2,766,946 over the last 90 days. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.