Edmond DE Rothschild Holding S.A. Takes $554,000 Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Edmond DE Rothschild Holding S.A. bought a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,000 shares of the insurance provider's stock, valued at approximately $554,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC grew its holdings in shares of Arch Capital Group by 43.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 302,693 shares of the insurance provider's stock worth $27,954,000 after buying an additional 92,102 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Arch Capital Group by 35.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,614 shares of the insurance provider's stock worth $798,000 after acquiring an additional 2,267 shares during the period. Allstate Corp acquired a new position in Arch Capital Group in the 4th quarter valued at $1,049,000. DnB Asset Management AS lifted its stake in shares of Arch Capital Group by 5.8% during the 4th quarter. DnB Asset Management AS now owns 73,008 shares of the insurance provider's stock worth $6,742,000 after purchasing an additional 3,973 shares during the period. Finally, Alerus Financial NA grew its position in shares of Arch Capital Group by 20.6% in the fourth quarter. Alerus Financial NA now owns 36,700 shares of the insurance provider's stock valued at $3,389,000 after purchasing an additional 6,264 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

ACGL traded down $8.45 on Friday, hitting $87.83. 2,687,962 shares of the company's stock were exchanged, compared to its average volume of 1,719,357. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $92.23 and a two-hundred day moving average of $97.57. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47. The firm has a market cap of $33.00 billion, a PE ratio of 7.84, a P/E/G ratio of 2.31 and a beta of 0.36.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, topping 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 quarter in the prior year, the company posted $2.45 earnings per share. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ACGL shares. Keefe, Bruyette & Woods decreased their price target on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Morgan Stanley lowered their target price on shares of Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, February 14th. JMP Securities reaffirmed a "market outperform" rating and set a $125.00 price target on shares of Arch Capital Group in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $117.19.

Insider Buying and Selling

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the completion of the transaction, the insider now owns 140,023 shares in the company, valued at approximately $12,742,093. This represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company's stock.

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.