J. Safra Sarasin Holding AG Has $16.01 Million Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

J. Safra Sarasin Holding AG trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 57.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,345 shares of the insurance provider's stock after selling 230,692 shares during the period. J. Safra Sarasin Holding AG's holdings in Arch Capital Group were worth $16,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its position in Arch Capital Group by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock worth $2,969,000 after acquiring an additional 110 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Arch Capital Group by 4.9% in the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring an additional 126 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Arch Capital Group by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock worth $219,000 after purchasing an additional 127 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of Arch Capital Group by 5.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock valued at $214,000 after acquiring an additional 129 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after purchasing an additional 132 shares during the period. Institutional investors own 89.07% of the company's stock.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the transaction, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACGL. Wells Fargo & Company decreased their price objective on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their target price on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $114.88.

Arch Capital Group Stock Down 0.4 %

Shares of Arch Capital Group stock traded down $0.41 during trading hours on Thursday, hitting $92.10. 1,828,782 shares of the company's stock traded hands, compared to its average volume of 1,739,174. Arch Capital Group Ltd. has a twelve month low of $82.49 and a twelve month high of $116.47. The company has a market cap of $34.60 billion, a PE ratio of 8.22, a PEG ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $91.80 and a 200-day simple moving average of $95.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the company earned $2.45 earnings per share. Equities research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

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.