J. Safra Sarasin Holding AG Has $25.89 Million Position in Arch Capital Group Ltd. $ACGL

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

Other large investors also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Arch Capital Group in the third quarter worth $37,000. Richardson Financial Services Inc. increased its holdings in Arch Capital Group by 63.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 418 shares of the insurance provider’s stock valued at $38,000 after buying an additional 162 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock valued at $39,000 after buying an additional 414 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Arch Capital Group by 31.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 112 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Arch Capital Group during the 3rd quarter worth approximately $54,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Capital Group

In other news, insider John M. Pasquesi sold 203,866 shares of Arch Capital Group stock in a transaction on 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 transaction, the insider owned 351,356 shares in the company, valued at approximately $32,992,328.40. The trade was a 36.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francois Morin sold 8,000 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $94.62, for a total transaction of $756,960.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 220,666 shares of company stock valued at $20,728,673 in the last ninety days. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ACGL. Evercore ISI set a $100.00 target price on Arch Capital Group and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Morgan Stanley set a $125.00 price objective on Arch Capital Group in a research note on Friday, January 16th. The Goldman Sachs Group reiterated a “sell” rating and issued a $93.00 target price (up previously from $84.00) on shares of Arch Capital Group in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Arch Capital Group from $100.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Finally, Roth Mkm set a $110.00 price target on shares of Arch Capital Group and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.53.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $93.70 on Tuesday. The firm has a market capitalization of $33.98 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.95 and a beta of 0.45. 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 business’s 50-day moving average price is $93.71 and its 200-day moving average price is $91.02. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60.

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