Hsbc Holdings PLC Has $37.55 Million Position in Arch Capital Group Ltd. $ACGL

Hsbc Holdings PLC increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 389,698 shares of the insurance provider’s stock after buying an additional 17,832 shares during the period. Hsbc Holdings PLC’s holdings in Arch Capital Group were worth $37,551,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ACGL. Daymark Wealth Partners LLC grew its position in shares of Arch Capital Group by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 3,211 shares of the insurance provider’s stock valued at $308,000 after purchasing an additional 106 shares during the last quarter. Keel Point LLC boosted its stake in Arch Capital Group by 4.6% in the 3rd quarter. Keel Point LLC now owns 2,524 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 112 shares during the period. Legacy Advisors LLC lifted its holdings in shares of Arch Capital Group by 1.2% during the fourth quarter. Legacy Advisors LLC now owns 9,551 shares of the insurance provider’s stock worth $916,000 after buying an additional 112 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Arch Capital Group by 72.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 323 shares of the insurance provider’s stock worth $31,000 after buying an additional 136 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Arch Capital Group by 12.7% in the second quarter. Transamerica Financial Advisors LLC now owns 1,245 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Morgan Stanley increased their target price on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho lowered their target price on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Keefe, Bruyette & Woods dropped their price target on shares of Arch Capital Group from $105.00 to $102.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Finally, Barclays boosted their price target on Arch Capital Group from $104.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.19.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $101.81 on Tuesday. The business’s 50-day moving average price is $93.93 and its 200-day moving average price is $95.32. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39. The firm has a market capitalization of $35.57 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 5.11 and a beta of 0.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston purchased 5,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director owned 9,915 shares in the company, valued at approximately $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. Insiders own 3.30% of the company’s stock.

Arch Capital Group Company 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.