Swiss National Bank Acquires 42,800 Shares of Arch Capital Group Ltd. $ACGL

Swiss National Bank boosted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 1,064,200 shares of the insurance provider’s stock after purchasing an additional 42,800 shares during the period. Swiss National Bank’s holdings in Arch Capital Group were worth $102,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd raised its holdings in Arch Capital Group by 316.3% during the first quarter. Mediolanum International Funds Ltd now owns 288,699 shares of the insurance provider’s stock worth $27,605,000 after buying an additional 219,357 shares during the last quarter. Kinsale Capital Group Inc. grew its holdings in shares of Arch Capital Group by 4.8% during the first quarter. Kinsale Capital Group Inc. now owns 100,227 shares of the insurance provider’s stock valued at $9,621,000 after buying an additional 4,599 shares during the last quarter. Heartland Advisors Inc. increased its position in shares of Arch Capital Group by 18.0% during the first quarter. Heartland Advisors Inc. now owns 103,497 shares of the insurance provider’s stock worth $9,935,000 after acquiring an additional 15,819 shares in the last quarter. Arcus Capital Partners LLC bought a new stake in shares of Arch Capital Group during the first quarter worth about $261,000. Finally, Assetmark Inc. raised its holdings in shares of Arch Capital Group by 5.0% in the 1st quarter. Assetmark Inc. now owns 1,036,532 shares of the insurance provider’s stock worth $99,497,000 after acquiring an additional 49,262 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $101.83 on Tuesday. 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 firm has a market capitalization of $35.58 billion, a PE ratio of 7.82, a P/E/G ratio of 5.04 and a beta of 0.31. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $105.09. The company has a 50-day moving average price of $95.25 and a two-hundred day moving average price of $95.66.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion for the quarter. Equities analysts forecast that Arch Capital Group Ltd. will post 9.35 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, Director Daniel Joseph Houston acquired 5,300 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the acquisition, the director owned 9,915 shares of the company’s stock, valued at approximately $932,803.20. The trade was a 114.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the company’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. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACGL. UBS Group restated a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday, July 8th. Citigroup upped their price target on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays increased their price target 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. Wells Fargo & Company raised their price objective on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.82.

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.