Hsbc Holdings PLC Purchases 17,832 Shares of Arch Capital Group Ltd. $ACGL

Hsbc Holdings PLC grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,698 shares of the insurance provider’s stock after buying an additional 17,832 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Arch Capital Group worth $37,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $27,000. WealthCollab LLC raised its stake in shares of Arch Capital Group by 410.3% in the third quarter. WealthCollab LLC now owns 296 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Arch Capital Group in the 3rd quarter worth about $28,000. Grove Bank & Trust purchased a new position in Arch Capital Group in the 4th quarter worth about $30,000. Finally, Aventura Private Wealth LLC purchased a new position in Arch Capital Group in the 4th quarter worth about $30,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL opened at $93.71 on Wednesday. The firm’s 50 day moving average price is $93.73 and its 200-day moving average price is $94.97. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $103.39. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $32.74 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 4.60 and a beta of 0.32.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share (EPS) for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The company had revenue of $4.52 billion during the quarter. Equities research analysts expect that Arch Capital Group Ltd. will post 9.3 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, Director Brian S. Posner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Joseph Houston bought 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $94.08 per share, for a total transaction of $498,624.00. Following the completion of the acquisition, the director owned 9,915 shares in the company, valued at $932,803.20. This trade represents a 114.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 price objective on shares of Arch Capital Group in a research report on Friday, May 1st. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Citigroup lifted their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.81.

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.