Swiss National Bank Lowers Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Swiss National Bank lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,062,400 shares of the insurance provider's stock after selling 52,100 shares during the period. Swiss National Bank owned approximately 0.28% of Arch Capital Group worth $98,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Arch Capital Group by 3.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 197,111 shares of the insurance provider's stock worth $18,203,000 after acquiring an additional 6,663 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock worth $12,444,000 after purchasing an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after purchasing an additional 6,521 shares during the period. Pittenger & Anderson Inc. increased its stake in Arch Capital Group by 56.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 6,720 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in Arch Capital Group by 26.6% during the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after buying an additional 5,345 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACGL shares. JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Arch Capital Group in a report on Tuesday, February 11th. Morgan Stanley lowered their price objective on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Keefe, Bruyette & Woods cut their target price on Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $117.19.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded down $0.11 during trading on Wednesday, hitting $93.19. 1,583,337 shares of the company were exchanged, compared to its average volume of 1,655,967. Arch Capital Group Ltd. has a 52-week low of $87.42 and a 52-week high of $116.47. The stock has a 50 day moving average of $91.94 and a 200 day moving average of $99.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58. The company has a market cap of $34.98 billion, a PE ratio of 8.32, a P/E/G ratio of 2.31 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 previous year, the business posted $2.45 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Activity

In related news, insider Louis T. Petrillo sold 11,600 shares of Arch Capital Group stock in a transaction on 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 completion of the sale, the insider now owns 140,023 shares of the company's stock, valued at approximately $12,742,093. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

About Arch Capital Group

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.