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

Amalgamated Bank trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 79,055 shares of the insurance provider’s stock after selling 2,689 shares during the quarter. Amalgamated Bank’s holdings in Arch Capital Group were worth $7,301,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Arch Capital Group by 12.8% in the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 101 shares in the last quarter. KG&L Capital Management LLC lifted its position in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after purchasing an additional 115 shares during the period. Marks Group Wealth Management Inc boosted its stake in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 115 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock valued at $993,000 after buying an additional 116 shares during the period. Finally, Bensler LLC increased its position in shares of Arch Capital Group by 0.7% during the third quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after buying an additional 126 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of ACGL stock opened at $89.57 on Thursday. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a one year low of $86.16 and a one year high of $116.47. The company’s 50-day moving average is $91.94 and its 200 day moving average is $100.48.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the firm earned $2.45 EPS. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ACGL. Morgan Stanley cut their price objective on Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. UBS Group lowered their target price on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lowered their price objective on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, BMO Capital Markets boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of “Moderate Buy” and an average price target of $117.19.

Arch Capital Group Company 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.