Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Decreased by M&T Bank Corp

M&T Bank Corp lessened its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,949 shares of the insurance provider’s stock after selling 7,963 shares during the period. M&T Bank Corp’s holdings in Arch Capital Group were worth $6,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Arch Capital Group in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in Arch Capital Group in the fourth quarter worth approximately $30,000. CVA Family Office LLC bought a new position in shares of Arch Capital Group in the fourth quarter valued at $47,000. Covestor Ltd raised its position in shares of Arch Capital Group by 342.9% during the third quarter. Covestor Ltd now owns 899 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 696 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of Arch Capital Group during the third quarter valued at $75,000. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ACGL shares. Citigroup reduced their price objective on shares of Arch Capital Group from $91.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. JPMorgan Chase & Co. increased their price target on shares of Arch Capital Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. UBS Group dropped their price objective on shares of Arch Capital Group from $101.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Arch Capital Group from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Bank of America boosted their target price on Arch Capital Group from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Insider Buying and Selling at Arch Capital Group

In other news, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the transaction, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Arch Capital Group news, CFO Francois Morin sold 25,689 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $87.47, for a total transaction of $2,247,016.83. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at $19,399,009.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicolas Papadopoulo sold 60,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.52, for a total transaction of $5,251,200.00. Following the completion of the sale, the insider now owns 651,931 shares in the company, valued at approximately $57,057,001.12. The disclosure for this sale can be found here. Insiders have sold 135,689 shares of company stock valued at $11,872,217 in the last 90 days. 4.00% of the stock is currently owned by insiders.

Arch Capital Group Trading Up 2.9 %

Shares of ACGL stock opened at $97.14 on Tuesday. The business’s 50 day moving average is $91.35 and its two-hundred day moving average is $84.84. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12 month low of $69.05 and a 12 month high of $97.17. The company has a market cap of $36.44 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The business’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.43 EPS for the current year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.