Lombard Odier Asset Management Switzerland SA Buys New Position in Arch Capital Group Ltd. $ACGL

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 5,338 shares of the insurance provider’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in Arch Capital Group in the fourth quarter valued at approximately $27,000. WealthCollab LLC lifted its position in shares of Arch Capital Group by 410.3% during the third 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 acquired a new position in shares of Arch Capital Group during the third quarter worth $28,000. TD Waterhouse Canada Inc. boosted its stake in shares of Arch Capital Group by 72.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 136 shares during the period. Finally, Zions Bancorporation National Association UT boosted its stake in shares of Arch Capital Group by 390.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 324 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $102.00 price objective (up from $100.00) on shares of Arch Capital Group in a report on Thursday, July 9th. UBS Group restated a “buy” rating and set a $120.00 target price (up from $114.00) on shares of Arch Capital Group in a research note on Wednesday, July 8th. Weiss Ratings lowered Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Mizuho boosted their price target on Arch Capital Group from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Citigroup increased their price target on Arch Capital Group from $120.00 to $122.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arch Capital Group currently has a consensus rating of “Hold” and a consensus target price of $109.82.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $106.48 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 0.55. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $107.09. The company’s 50-day simple moving average is $96.17 and its 200-day simple moving average is $95.97. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 5.17 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $4.36 billion. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.During the same period last year, the firm earned $2.58 earnings per share. Equities analysts anticipate that Arch Capital Group Ltd. will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, with a total value of $498,624.00. Following the transaction, the director owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

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.