Banque Cantonale Vaudoise Sells 8,700 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Banque Cantonale Vaudoise decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL – Get Rating) by 51.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,306 shares of the insurance provider’s stock after selling 8,700 shares during the period. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $522,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Accurate Wealth Management LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth $30,000. James Investment Research Inc. bought a new stake in shares of Arch Capital Group in the fourth quarter worth $32,000. CENTRAL TRUST Co grew its stake in shares of Arch Capital Group by 57.3% in the third quarter. CENTRAL TRUST Co now owns 692 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 252 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Arch Capital Group by 54.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 582 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 205 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of Arch Capital Group by 538.1% in the fourth quarter. Lindbrook Capital LLC now owns 670 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marc Grandisson sold 200,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $76.10, for a total value of $15,220,000.00. Following the sale, the chief executive officer now owns 2,287,157 shares in the company, valued at approximately $174,052,647.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Arch Capital Group news, CEO Marc Grandisson sold 200,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $76.10, for a total value of $15,220,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,287,157 shares of the company’s stock, valued at approximately $174,052,647.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicolas Papadopoulo sold 70,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $75.48, for a total transaction of $5,283,600.00. Following the completion of the sale, the insider now directly owns 689,970 shares of the company’s stock, valued at $52,078,935.60. The disclosure for this sale can be found here. Insiders have sold 401,346 shares of company stock worth $30,342,883 in the last quarter. Insiders own 4.20% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $72.38 on Friday. The firm’s 50-day moving average price is $71.43 and its 200-day moving average price is $65.97. Arch Capital Group Ltd. has a 1-year low of $41.05 and a 1-year high of $78.30. The firm has a market capitalization of $26.96 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.15 and a beta of 0.72. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23.

Arch Capital Group (NASDAQ:ACGL – Get Rating) last posted its earnings results on Thursday, April 27th. The insurance provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Arch Capital Group had a net margin of 18.43% and a return on equity of 17.51%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. Equities research analysts anticipate that Arch Capital Group Ltd. will post 6.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ACGL shares. Barclays boosted their price objective on shares of Arch Capital Group from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, March 31st. Royal Bank of Canada boosted their target price on shares of Arch Capital Group from $74.00 to $81.00 in a report on Friday, April 28th. Roth Capital restated a “buy” rating on shares of Arch Capital Group in a report on Tuesday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Arch Capital Group from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.20.

About Arch Capital Group

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Arch Capital Group Ltd. engages in the provision of property and casualty insurance and reinsurance lines. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other. The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs.