J. Safra Sarasin Holding AG Purchases 142,929 Shares of Arch Capital Group Ltd. $ACGL

J. Safra Sarasin Holding AG lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 100.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,340 shares of the insurance provider’s stock after buying an additional 142,929 shares during the period. J. Safra Sarasin Holding AG owned about 0.08% of Arch Capital Group worth $25,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACGL. Norges Bank bought a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $441,551,000. Cooke & Bieler LP acquired a new position in Arch Capital Group during the third quarter worth $210,856,000. Ameriprise Financial Inc. grew its position in Arch Capital Group by 289.1% in the second quarter. Ameriprise Financial Inc. now owns 1,368,648 shares of the insurance provider’s stock valued at $124,615,000 after purchasing an additional 1,016,919 shares in the last quarter. Champlain Investment Partners LLC grew its position in Arch Capital Group by 109.3% in the second quarter. Champlain Investment Partners LLC now owns 1,045,262 shares of the insurance provider’s stock valued at $95,171,000 after purchasing an additional 545,777 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Arch Capital Group by 99.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,029,515 shares of the insurance provider’s stock valued at $93,408,000 after buying an additional 512,879 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $93.70 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $33.98 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.95 and a beta of 0.45. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60. The stock has a 50 day moving average of $93.71 and a 200-day moving average of $91.02.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $1.01. Arch Capital Group had a return on equity of 16.38% and a net margin of 20.96%.The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the business earned $1.99 EPS. As a group, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider owned 351,356 shares of the company’s stock, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Francois Morin sold 8,000 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the transaction, the chief financial officer directly owned 266,681 shares in the company, valued at approximately $25,233,356.22. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 220,666 shares of company stock worth $20,728,673. Corporate insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ACGL shares. JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $111.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group reissued a “sell” rating and set a $93.00 price target (up from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price target on Arch Capital Group from $100.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Evercore ISI set a $100.00 price objective on Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Finally, Barclays set a $104.00 price objective on Arch Capital Group and gave the company an “equal weight” rating in a report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of “Hold” and an average target price of $107.53.

About Arch Capital Group

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.