Hsbc Holdings PLC Purchases 17,832 Shares of Arch Capital Group Ltd. $ACGL

Hsbc Holdings PLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 389,698 shares of the insurance provider’s stock after purchasing an additional 17,832 shares during the period. Hsbc Holdings PLC’s holdings in Arch Capital Group were worth $37,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after buying an additional 412 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Arch Capital Group in the 2nd quarter worth $253,000. CW Advisors LLC increased its stake in Arch Capital Group by 6.5% in the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after buying an additional 189 shares in the last quarter. Jump Financial LLC bought a new stake in Arch Capital Group during the second quarter valued at about $667,000. Finally, Cerity Partners LLC raised its holdings in Arch Capital Group by 11.6% during the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after acquiring an additional 4,933 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Up 1.8%

Shares of ACGL opened at $93.71 on Wednesday. The stock has a market capitalization of $32.74 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 4.60 and a beta of 0.32. Arch Capital Group Ltd. has a 1 year low of $82.44 and a 1 year high of $103.39. The business’s 50 day simple moving average is $93.73 and its 200-day simple moving average is $94.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.55 and a quick ratio of 0.55.

Arch Capital Group (NASDAQ:ACGL) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. The firm had revenue of $4.52 billion during the quarter. As a group, equities analysts expect that Arch Capital Group Ltd. will post 9.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ACGL. Morgan Stanley set a $105.00 price objective on Arch Capital Group in a research note on Friday, May 1st. Mizuho cut their price objective on shares of Arch Capital Group from $102.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Citigroup upped their target price on shares of Arch Capital Group from $120.00 to $122.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $106.81.

About Arch Capital Group

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.