Banque Cantonale Vaudoise cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 19.1% during the first quarter, Holdings Channel.com reports. The firm owned 36,719 shares of the insurance provider’s stock after selling 8,664 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Arch Capital Group were worth $3,524,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Arch Capital Group in the 4th quarter valued at about $463,208,000. Morgan Stanley boosted its stake in Arch Capital Group by 0.8% during the fourth quarter. Morgan Stanley now owns 4,289,082 shares of the insurance provider’s stock worth $411,409,000 after buying an additional 33,132 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Arch Capital Group by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,949,978 shares of the insurance provider’s stock valued at $282,962,000 after acquiring an additional 160,326 shares during the last quarter. Legal & General Group Plc increased its position in shares of Arch Capital Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 2,944,169 shares of the insurance provider’s stock valued at $282,405,000 after acquiring an additional 121,090 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Arch Capital Group by 409.5% in the 3rd quarter. First Trust Advisors LP now owns 2,835,648 shares of the insurance provider’s stock valued at $257,278,000 after acquiring an additional 2,279,147 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.
Insider Transactions at Arch Capital Group
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 shares were sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel Joseph Houston acquired 5,300 shares of Arch Capital Group stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Arch Capital Group
Arch Capital Group Stock Performance
Shares of ACGL stock opened at $94.33 on Friday. The firm has a 50 day moving average of $93.65 and a two-hundred day moving average of $95.01. The stock has a market capitalization of $32.96 billion, a PE ratio of 7.25, a P/E/G ratio of 4.75 and a beta of 0.32. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group Ltd. has a 52 week low of $82.44 and a 52 week high of $103.39.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%.The firm had revenue of $4.52 billion during the quarter. On average, research analysts predict that Arch Capital Group Ltd. will post 9.3 EPS for the current fiscal year.
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.
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