J. Safra Sarasin Holding AG Acquires 6,927 Shares of Arch Capital Group Ltd. $ACGL

J. Safra Sarasin Holding AG lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,308 shares of the insurance provider’s stock after buying an additional 6,927 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.06% of Arch Capital Group worth $20,278,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new stake in shares of Arch Capital Group during the 4th quarter valued at about $27,000. WealthCollab LLC raised its holdings in shares of Arch Capital Group by 410.3% during the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new position in Arch Capital Group during the third quarter valued at approximately $28,000. Grove Bank & Trust bought a new position in Arch Capital Group during the fourth quarter valued at approximately $30,000. Finally, Aventura Private Wealth LLC bought a new position in Arch Capital Group during the fourth quarter valued at approximately $30,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $101.06 on Monday. The stock has a 50 day moving average of $94.44 and a 200 day moving average of $95.47. The company has a market cap of $35.31 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. Arch Capital Group Ltd. has a 12-month low of $82.44 and a 12-month high of $105.09. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston purchased 5,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the purchase, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. This represents a 114.84% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on ACGL shares. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday. Keefe, Bruyette & Woods lowered their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Citigroup raised their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Mizuho upped their price objective on Arch Capital Group from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.12.

About Arch Capital Group

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.