Arch Capital Group Ltd. $ACGL Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,987,505 shares of the insurance provider’s stock after selling 772,150 shares during the period. Arch Capital Group comprises approximately 4.7% of Bamco Inc. NY’s holdings, making the stock its 2nd largest holding. Bamco Inc. NY’s holdings in Arch Capital Group were worth $1,725,361,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ACGL. WealthCollab LLC raised its holdings in Arch Capital Group by 410.3% in the 3rd quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Arch Capital Group in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Arch Capital Group in the 3rd quarter valued at approximately $28,000. Aventura Private Wealth LLC acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of recent research reports. Citigroup increased their target price on Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings cut Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods dropped their target price on Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Morgan Stanley set a $105.00 target price on Arch Capital Group in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of “Hold” and a consensus target price of $106.81.

Arch Capital Group Stock Down 0.2%

NASDAQ ACGL opened at $92.37 on Thursday. The firm has a market cap of $32.27 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 4.63 and a beta of 0.32. Arch Capital Group Ltd. has a one year low of $82.44 and a one year high of $103.39. The stock’s 50 day simple moving average is $94.18 and its 200 day simple moving average is $94.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The business had revenue of $4.52 billion for the quarter. Arch Capital Group had a return on equity of 17.61% and a net margin of 24.64%. As a group, sell-side analysts forecast that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 document filed with the SEC, which is available through the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at $932,803.20. The trade was a 114.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is owned by corporate insiders.

Arch Capital Group Profile

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.