Lombard Odier Asset Management Switzerland SA Makes New Investment in Arch Capital Group Ltd. $ACGL

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,338 shares of the insurance provider’s stock, valued at approximately $512,000.

Other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Arch Capital Group during the fourth quarter worth approximately $27,000. WealthCollab LLC grew its stake in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 238 shares during the period. JPL Wealth Management LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at $28,000. TD Waterhouse Canada Inc. raised its holdings in Arch Capital Group by 72.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its holdings in Arch Capital Group by 390.9% in the 4th quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Trading Up 2.5%

ACGL stock opened at $106.48 on Wednesday. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 5.17 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $96.17 and a 200-day simple moving average of $95.97. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $107.09.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company posted $2.58 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 9.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group restated a “buy” rating and set a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research report on Thursday, July 9th. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company lifted their price target on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group currently has a consensus rating of “Hold” and a consensus price target of $109.82.

Insider Activity

In other news, Director Daniel Joseph Houston purchased 5,300 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. The trade was a 114.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The SEC filing for this sale provides additional information. Corporate insiders own 3.30% of the company’s stock.

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.