J. Safra Sarasin Holding AG Buys 6,927 Shares of Arch Capital Group Ltd. $ACGL

J. Safra Sarasin Holding AG lifted its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 211,308 shares of the insurance provider’s stock after buying an additional 6,927 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Arch Capital Group were worth $20,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACGL. Elyxium Wealth LLC purchased a new position in Arch Capital Group during the fourth quarter valued at $27,000. WealthCollab LLC lifted its stake in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Arch Capital Group in the 3rd quarter worth $28,000. Grove Bank & Trust bought a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Arch Capital Group during the 4th quarter valued at about $30,000. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a report on Wednesday. Wells Fargo & Company increased their price target on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley raised their price target on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Weiss Ratings downgraded Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a report on Thursday. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of “Hold” and a consensus target price of $108.12.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total transaction of $58,980.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston acquired 5,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, with a total value of $498,624.00. Following the completion of the purchase, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. The trade was a 114.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $101.06 on Monday. The company’s 50-day moving average price is $94.44 and its 200-day moving average price is $95.47. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The company has a market cap of $35.31 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $105.09.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm had revenue of $4.52 billion during the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.34 EPS for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.