Gulf International Bank UK Ltd Lowers Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gulf International Bank UK Ltd lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 56.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,479 shares of the insurance provider's stock after selling 38,418 shares during the period. Gulf International Bank UK Ltd's holdings in Arch Capital Group were worth $3,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. bought a new stake in Arch Capital Group in the 2nd quarter worth about $30,000. Baldwin Brothers LLC MA raised its holdings in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in Arch Capital Group in the second quarter valued at about $35,000. LRI Investments LLC purchased a new position in shares of Arch Capital Group in the first quarter worth approximately $40,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Arch Capital Group during the third quarter valued at $46,000. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Price Performance

Shares of ACGL traded up $5.20 during mid-day trading on Wednesday, hitting $101.70. 3,283,055 shares of the company were exchanged, compared to its average volume of 1,661,216. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The stock has a market cap of $38.25 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. The company has a 50 day moving average of $109.86 and a 200-day moving average of $102.92.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business posted $2.31 earnings per share. Analysts expect that Arch Capital Group Ltd. will post 9.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ACGL. Keefe, Bruyette & Woods lifted their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Roth Mkm upped their price target on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. TD Cowen lifted their target price on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. BMO Capital Markets boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $118.88.

Insiders Place Their Bets

In related news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares of the company's stock, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Arch Capital Group 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.