Hsbc Holdings PLC Buys 39,783 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Hsbc Holdings PLC lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 453,241 shares of the insurance provider’s stock after purchasing an additional 39,783 shares during the period. Hsbc Holdings PLC owned 0.12% of Arch Capital Group worth $45,509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Richardson Financial Services Inc. bought a new position in Arch Capital Group in the fourth quarter worth approximately $33,000. Rothschild Investment LLC purchased a new stake in Arch Capital Group during the second quarter worth $35,000. Finally, LRI Investments LLC bought a new stake in Arch Capital Group during the 1st quarter valued at $38,000. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Up 1.6 %

Arch Capital Group stock opened at $113.24 on Friday. The stock has a 50-day moving average price of $103.82 and a 200 day moving average price of $98.71. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week high of $114.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Arch Capital Group (NASDAQ:ACGL) last announced 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. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Arch Capital Group had a net margin of 35.19% and a return on equity of 21.42%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. Sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Arch Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of Arch Capital Group from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen raised their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday. 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 research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

Insider Activity at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 11,460 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.46, for a total transaction of $1,174,191.60. Following the sale, the chief financial officer now directly owns 221,779 shares of the company’s stock, valued at approximately $22,723,476.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

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.