M&T Bank Corp Has $6.78 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

M&T Bank Corp lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 73,353 shares of the insurance provider’s stock after selling 5,812 shares during the quarter. M&T Bank Corp’s holdings in Arch Capital Group were worth $6,775,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Arch Capital Group during the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new stake in shares of Arch Capital Group during the fourth quarter worth $42,000. Y.D. More Investments Ltd raised its holdings in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 260 shares during the period. Ashton Thomas Securities LLC bought a new stake in Arch Capital Group in the 3rd quarter valued at $50,000. Finally, UMB Bank n.a. boosted its stake in Arch Capital Group by 97.0% in the 4th 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 period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

ACGL has been the topic of several recent research reports. UBS Group dropped their price target on Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada dropped their target price on Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Barclays reduced their price target on Arch Capital Group from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. 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 report on Thursday, February 13th. Finally, Bank of America reduced their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 15th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Stock Up 0.0 %

Shares of ACGL stock opened at $91.38 on Friday. Arch Capital Group Ltd. has a 52-week low of $87.00 and a 52-week high of $116.47. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.31 and a beta of 0.62. The firm’s 50-day moving average is $92.02 and its 200-day moving average is $100.21. 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 (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (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 last year, the business earned $2.45 EPS. Sell-side analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In other Arch Capital Group news, insider Louis T. Petrillo sold 11,600 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $91.00, for a total value of $1,055,600.00. Following the transaction, the insider now directly owns 140,023 shares in the company, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

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.