Amalgamated Bank Trims Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Amalgamated Bank decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,796 shares of the insurance provider’s stock after selling 2,650 shares during the period. Amalgamated Bank’s holdings in Arch Capital Group were worth $7,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACGL. Capital International Investors raised its stake in Arch Capital Group by 61.1% in the 1st quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider’s stock worth $380,167,000 after acquiring an additional 1,560,173 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Arch Capital Group by 61.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after acquiring an additional 1,216,080 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Arch Capital Group by 11.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,800,236 shares of the insurance provider’s stock valued at $628,614,000 after buying an additional 693,608 shares during the last quarter. Gladstone Capital Management LLP raised its stake in shares of Arch Capital Group by 52.8% during the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after buying an additional 478,570 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider’s stock valued at $114,962,000 after buying an additional 423,406 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 11,460 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the transaction, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.

Arch Capital Group Trading Down 1.4 %

Shares of NASDAQ:ACGL opened at $111.42 on Friday. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $114.69. The firm has a market capitalization of $41.84 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50 day moving average price is $103.53 and its 200-day moving average price is $98.62.

Arch Capital Group (NASDAQ:ACGL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. Arch Capital Group had a return on equity of 21.42% and a net margin of 35.19%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company earned $1.92 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Arch Capital Group from $106.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their price objective on Arch Capital Group from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Citigroup lifted their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Roth Mkm upped their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.93.

Arch Capital Group 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.