Bank of New York Mellon Corp Reduces Holdings in Arch Capital Group Ltd. $ACGL

Bank of New York Mellon Corp reduced its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,723,477 shares of the insurance provider’s stock after selling 39,248 shares during the period. Bank of New York Mellon Corp’s holdings in Arch Capital Group were worth $165,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACGL. Elyxium Wealth LLC purchased a new position in Arch Capital Group during the fourth quarter worth $27,000. WealthCollab LLC raised its holdings 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 acquiring an additional 238 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Arch Capital Group in the third quarter valued at $28,000. Aventura Private Wealth LLC purchased a new stake in shares of Arch Capital Group in the fourth quarter valued at $30,000. Finally, Grove Bank & Trust acquired a new stake in shares of Arch Capital Group during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, Director Daniel Joseph Houston purchased 5,300 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $94.08 per share, for a total transaction of $498,624.00. Following the acquisition, the director directly owned 9,915 shares of the company’s stock, valued at $932,803.20. This represents a 114.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian S. Posner sold 3,000 shares of Arch Capital Group stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $19.66, for a total value of $58,980.00. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Arch Capital Group Price Performance

ACGL stock opened at $101.35 on Friday. Arch Capital Group Ltd. has a 52-week low of $82.44 and a 52-week high of $105.09. The stock’s fifty day simple moving average is $95.09 and its 200-day simple moving average is $95.63. 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 $35.41 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 5.04 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL) last released its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 EPS for the quarter. The firm 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 expect that Arch Capital Group Ltd. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and set a $120.00 price objective (up from $114.00) on shares of Arch Capital Group in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reduced their target price on shares of Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley raised their price target on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings downgraded shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Atlantic Securities set a $126.00 price objective on shares of Arch Capital Group in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.39.

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.