Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 171,526 shares of the insurance provider’s stock after purchasing an additional 1,898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arch Capital Group were worth $12,739,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Arch Capital Group by 6.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 205,548 shares of the insurance provider’s stock valued at $16,756,000 after purchasing an additional 11,594 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Arch Capital Group by 601.1% during the fourth quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after acquiring an additional 121,206 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Arch Capital Group by 0.7% during the third quarter. Treasurer of the State of North Carolina now owns 209,153 shares of the insurance provider’s stock valued at $16,672,000 after acquiring an additional 1,504 shares in the last quarter. Millington Financial Advisors LLC bought a new stake in shares of Arch Capital Group during the third quarter valued at approximately $1,030,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Arch Capital Group by 31.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock valued at $14,945,000 after acquiring an additional 48,587 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.7 %

Shares of Arch Capital Group stock opened at $92.93 on Friday. The company’s fifty day simple moving average is $89.55 and its 200-day simple moving average is $83.98. The stock has a market capitalization of $34.86 billion, a PE ratio of 8.00, a P/E/G ratio of 1.14 and a beta of 0.57. Arch Capital Group Ltd. has a 1-year low of $69.05 and a 1-year high of $95.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.57 and a quick ratio of 0.57.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Thursday, February 15th. The insurance provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.55. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Arch Capital Group had a net margin of 32.59% and a return on equity of 21.94%. During the same quarter last year, the company posted $2.14 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.03 earnings per share for the current year.

Insider Transactions at Arch Capital Group

In other news, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Francois Morin sold 25,689 shares of Arch Capital Group stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the transaction, the chief financial officer now owns 221,779 shares in the company, valued at approximately $19,399,009.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Maamoun Rajeh sold 50,000 shares of Arch Capital Group stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $87.48, for a total transaction of $4,374,000.00. Following the transaction, the chief executive officer now owns 336,170 shares in the company, valued at approximately $29,408,151.60. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock worth $11,872,217 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACGL. JMP Securities reissued a “market outperform” rating and set a $100.00 price target on shares of Arch Capital Group in a research report on Monday, April 15th. Evercore ISI raised their price target on shares of Arch Capital Group from $92.00 to $100.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and set a $98.00 price target on shares of Arch Capital Group in a research report on Friday, February 16th. UBS Group reduced their price target on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company lifted their target price on shares of Arch Capital Group from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.23.

Arch Capital Group Company Profile

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.