Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,181 shares of the insurance provider’s stock after selling 5,918 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arch Capital Group were worth $15,162,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Arch Capital Group during the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group in the 4th quarter valued at $42,000. Y.D. More Investments Ltd increased its stake in Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Arch Capital Group during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company decreased 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. Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. UBS Group decreased their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Price Performance

Shares of ACGL opened at $89.16 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. The firm has a market cap of $33.47 billion, a PE ratio of 7.96, a PEG ratio of 2.31 and a beta of 0.62. The firm’s 50 day moving average price is $91.83 and its 200 day moving average price is $99.69. Arch Capital Group Ltd. has a twelve month low of $87.42 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same quarter in the prior year, the company posted $2.45 EPS. As a group, research analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Louis T. Petrillo sold 11,600 shares of the 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 approximately $12,742,093. This represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.