Gulf International Bank UK Ltd Has $3.30 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Gulf International Bank UK Ltd decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 56.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,479 shares of the insurance provider’s stock after selling 38,418 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Arch Capital Group were worth $3,298,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 101 shares in the last quarter. Fiduciary Financial Group LLC boosted its holdings in Arch Capital Group by 2.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 103 shares in the last quarter. Baldwin Brothers LLC MA boosted its holdings in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 104 shares in the last quarter. Fidelis Capital Partners LLC increased its position in Arch Capital Group by 3.1% during the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider’s stock worth $344,000 after buying an additional 106 shares during the last quarter. Finally, KG&L Capital Management LLC raised its holdings in Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock valued at $1,214,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Buying and Selling at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the 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 in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ACGL shares. Evercore ISI increased their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JMP Securities lifted their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group upped their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and an average price target of $119.87.

Arch Capital Group Price Performance

Shares of Arch Capital Group stock opened at $96.50 on Wednesday. The firm has a market cap of $36.29 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The firm’s 50-day simple moving average is $110.14 and its 200-day simple moving average is $102.90. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. 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 (NASDAQ:ACGL) last released its quarterly earnings data 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. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company posted $2.31 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 9.09 EPS for the current fiscal year.

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.