J. Safra Sarasin Holding AG Decreases Holdings in Arch Capital Group Ltd. $ACGL

J. Safra Sarasin Holding AG decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,381 shares of the insurance provider’s stock after selling 80,959 shares during the quarter. J. Safra Sarasin Holding AG owned 0.06% of Arch Capital Group worth $19,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC raised its stake in shares of Arch Capital Group by 1.3% during the third quarter. WCM Investment Management LLC now owns 13,525,402 shares of the insurance provider’s stock worth $1,214,987,000 after acquiring an additional 171,693 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Arch Capital Group by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,190,927 shares of the insurance provider’s stock valued at $743,168,000 after purchasing an additional 360,626 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Arch Capital Group by 2.3% during the 2nd quarter. Invesco Ltd. now owns 4,087,514 shares of the insurance provider’s stock valued at $372,168,000 after purchasing an additional 90,824 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Arch Capital Group by 409.5% during the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after purchasing an additional 2,279,147 shares during the last quarter. Finally, UBS Group AG raised its position in Arch Capital Group by 56.4% in the 3rd quarter. UBS Group AG now owns 2,738,518 shares of the insurance provider’s stock worth $248,466,000 after purchasing an additional 987,398 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Nicolas Papadopoulo sold 21,930 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the sale, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at approximately $83,943,218.14. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $17.11, for a total transaction of $51,330.00. Following the transaction, the director owned 2,000 shares in the company, valued at $34,220. This represents a 60.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 78,267 shares of company stock worth $7,291,637 in the last ninety days. Insiders own 4.10% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL opened at $95.62 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. The company has a market cap of $34.07 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The company has a 50-day moving average price of $96.34 and a 200-day moving average price of $93.21.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.64. Arch Capital Group had a return on equity of 16.73% and a net margin of 22.07%.The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the company posted $2.26 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACGL shares. Morgan Stanley set a $125.00 price target on shares of Arch Capital Group in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Royal Bank Of Canada increased their target price on Arch Capital Group from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and set a $114.00 price target (up from $113.00) on shares of Arch Capital Group in a research report on Tuesday, February 17th. Finally, Roth Mkm set a $110.00 price target on Arch Capital Group and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $109.20.

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.