Swiss National Bank raised its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 867,368 shares of the insurance provider’s stock after purchasing an additional 18,600 shares during the period. Swiss National Bank’s holdings in Arch Capital Group were worth $78,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACGL. Ameriprise Financial Inc. grew its holdings in Arch Capital Group by 3.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,577 shares of the insurance provider’s stock valued at $706,000 after buying an additional 237 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Arch Capital Group by 14.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,016 shares of the insurance provider’s stock valued at $375,000 after buying an additional 518 shares in the last quarter. AHL Partners LLP acquired a new position in Arch Capital Group in the 2nd quarter valued at $309,000. Royal Bank of Canada grew its holdings in Arch Capital Group by 1.3% in the 2nd quarter. Royal Bank of Canada now owns 52,848 shares of the insurance provider’s stock valued at $4,931,000 after buying an additional 694 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Arch Capital Group by 387.5% in the 2nd quarter. Macquarie Group Ltd. now owns 3,900 shares of the insurance provider’s stock valued at $364,000 after buying an additional 3,100 shares in the last quarter. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Arch Capital Group Ltd. (NASDAQ ACGL) opened at $87.42 on Wednesday. The stock has a market capitalization of $11,374.26, a price-to-earnings ratio of 27.33, a PEG ratio of 1.27 and a beta of 0.62. Arch Capital Group Ltd. has a 1-year low of $85.35 and a 1-year high of $102.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, February 12th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Arch Capital Group had a return on equity of 5.95% and a net margin of 11.21%. Arch Capital Group’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. research analysts anticipate that Arch Capital Group Ltd. will post 6.22 earnings per share for the current year.

In related news, insider Louis T. Petrillo sold 5,921 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $91.07, for a total transaction of $539,225.47. Following the completion of the sale, the insider now directly owns 43,268 shares in the company, valued at approximately $3,940,416.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Donald Lyons sold 5,500 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $92.04, for a total value of $506,220.00. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

A number of research analysts have commented on ACGL shares. Zacks Investment Research raised Arch Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co set a $100.00 price objective on Arch Capital Group and gave the company a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating and set a $113.00 target price on shares of Arch Capital Group in a report on Friday, October 27th. UBS Group reissued a “buy” rating on shares of Arch Capital Group in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $100.40.

ILLEGAL ACTIVITY NOTICE: “Swiss National Bank Raises Holdings in Arch Capital Group Ltd. (ACGL)” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://theolympiareport.com/2018/02/14/swiss-national-bank-raises-holdings-in-arch-capital-group-ltd-acgl.html.

Arch Capital Group Company Profile

Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL).

Institutional Ownership by Quarter for Arch Capital Group (NASDAQ:ACGL)

Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.