Bank of New York Mellon Corp Decreases Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bank of New York Mellon Corp decreased its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,219,780 shares of the insurance provider's stock after selling 113,103 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Arch Capital Group worth $204,997,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACGL. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Arch Capital Group in the 3rd quarter valued at approximately $50,000. Golden State Wealth Management LLC purchased a new stake in Arch Capital Group during the 4th quarter valued at $42,000. Y.D. More Investments Ltd increased its holdings in shares of Arch Capital Group by 125.6% in the 4th quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after purchasing an additional 414 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Price Performance

Shares of ACGL traded up $0.00 during trading hours on Monday, reaching $92.91. 1,250,078 shares of the stock traded hands, compared to its average volume of 1,916,332. Arch Capital Group Ltd. has a 52-week low of $86.56 and a 52-week high of $116.47. The company has a current ratio of 0.54, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The company has a market cap of $34.96 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The company's 50-day moving average price is $92.04 and its two-hundred day moving average price is $100.40.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a return on equity of 17.96% and a net margin of 24.73%. During the same period in the prior year, the business earned $2.45 EPS. On average, analysts anticipate that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACGL. Royal Bank of Canada reduced their price objective on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays cut their price objective on Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Bank of America lowered their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.19.

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.