Vontobel Holding Ltd. Increases Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Vontobel Holding Ltd. grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 61.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,976 shares of the insurance provider’s stock after buying an additional 2,660 shares during the period. Vontobel Holding Ltd.’s holdings in Arch Capital Group were worth $780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fiduciary Financial Group LLC raised its holdings in shares of Arch Capital Group by 2.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock valued at $415,000 after buying an additional 103 shares during the last quarter. Baldwin Brothers LLC MA increased its stake in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 104 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of Arch Capital Group by 3.1% during the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 106 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Arch Capital Group by 1.8% during the first quarter. Sunbelt Securities Inc. now owns 6,679 shares of the insurance provider’s stock worth $617,000 after acquiring an additional 117 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in shares of Arch Capital Group by 2.1% during the first quarter. Resonant Capital Advisors LLC now owns 5,802 shares of the insurance provider’s stock worth $536,000 after acquiring an additional 118 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ACGL shares. Bank of America boosted their price target on shares of Arch Capital Group from $119.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Arch Capital Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup upped their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.53.

Arch Capital Group Price Performance

Shares of ACGL stock opened at $108.53 on Monday. The firm has a market cap of $40.75 billion, a P/E ratio of 8.57, a P/E/G ratio of 2.06 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The firm has a fifty day moving average of $110.05 and a two-hundred day moving average of $101.96.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. As a group, research analysts anticipate that Arch Capital Group Ltd. will post 9.07 earnings per share for the current fiscal year.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of Arch Capital Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

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.