Bamco Inc. NY Has $1.89 Billion Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bamco Inc. NY reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,462,724 shares of the insurance provider's stock after selling 262,633 shares during the period. Arch Capital Group accounts for approximately 4.9% of Bamco Inc. NY's holdings, making the stock its 3rd biggest position. Bamco Inc. NY owned about 5.44% of Arch Capital Group worth $1,889,733,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ACGL. Oregon Public Employees Retirement Fund increased its position in shares of Arch Capital Group by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,147 shares of the insurance provider's stock valued at $2,969,000 after purchasing an additional 110 shares during the period. CreativeOne Wealth LLC lifted its holdings in shares of Arch Capital Group by 4.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,682 shares of the insurance provider's stock worth $248,000 after acquiring an additional 126 shares during the period. HBK Sorce Advisory LLC increased its stake in Arch Capital Group by 5.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,373 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 127 shares during the period. Flagship Harbor Advisors LLC lifted its stake in Arch Capital Group by 5.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,315 shares of the insurance provider's stock worth $214,000 after purchasing an additional 129 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of Arch Capital Group by 4.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,083 shares of the insurance provider's stock worth $285,000 after buying an additional 132 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.3 %

ACGL stock traded down $0.31 during mid-day trading on Wednesday, hitting $92.69. 1,224,046 shares of the company were exchanged, compared to its average volume of 1,725,483. 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 1-year low of $82.49 and a 1-year high of $116.47. The firm's 50 day simple moving average is $92.13 and its 200 day simple moving average is $94.19. The firm has a market cap of $34.83 billion, a P/E ratio of 8.28, a P/E/G ratio of 2.31 and a beta of 0.57.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.75 billion. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 EPS. On average, sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nicolas Papadopoulo sold 7,636 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $92.48, for a total transaction of $706,177.28. Following the sale, the chief executive officer now owns 795,718 shares in the company, valued at $73,588,000.64. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $125.00 price target on shares of Arch Capital Group in a research report on Wednesday, April 30th. Jefferies Financial Group lifted their price objective on Arch Capital Group from $105.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Morgan Stanley decreased their target price on Arch Capital Group from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on Arch Capital Group from $106.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $104.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday. Six 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.00.

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.