Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,744 shares of the insurance provider's stock after buying an additional 6,948 shares during the quarter. Amalgamated Bank's holdings in Arch Capital Group were worth $9,146,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACGL. Moloney Securities Asset Management LLC increased its position in shares of Arch Capital Group by 17.6% during the third quarter. Moloney Securities Asset Management LLC now owns 28,108 shares of the insurance provider's stock valued at $3,145,000 after acquiring an additional 4,205 shares during the last quarter. PDS Planning Inc bought a new stake in Arch Capital Group during the third quarter valued at $216,000. QRG Capital Management Inc. grew its position in Arch Capital Group by 8.6% in the third quarter. QRG Capital Management Inc. now owns 37,825 shares of the insurance provider's stock worth $4,232,000 after acquiring an additional 2,986 shares in the last quarter. National Pension Service purchased a new stake in shares of Arch Capital Group in the 3rd quarter valued at $64,271,000. Finally, KG&L Capital Management LLC boosted its stake in shares of Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after purchasing an additional 115 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Francois Morin sold 11,460 shares of Arch Capital Group 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 transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by insiders.

Arch Capital Group Trading Up 5.4 %

ACGL stock traded up $5.20 during mid-day trading on Wednesday, reaching $101.70. The company had a trading volume of 3,283,055 shares, compared to its average volume of 1,661,216. The firm has a 50 day moving average of $109.86 and a 200 day moving average of $102.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a market capitalization of $38.25 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company earned $2.31 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ACGL shares. TD Cowen upped their target price on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Jefferies Financial Group increased their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Bank of America raised their target price on Arch Capital Group from $119.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Roth Mkm lifted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets lifted their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $118.88.

About Arch Capital Group

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.