Virtu Financial LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,887 shares of the insurance provider's stock, valued at approximately $1,106,000.
Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group in the 3rd quarter valued at $25,000. UMB Bank n.a. acquired a new position in Arch Capital Group in the second quarter valued at $30,000. Rothschild Investment LLC purchased a new position in shares of Arch Capital Group during the second quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Arch Capital Group during the third quarter worth about $46,000. Finally, Asset Dedication LLC lifted its holdings in shares of Arch Capital Group by 188.1% in the 3rd quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 284 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 NASDAQ ACGL traded down $0.50 during trading on Friday, hitting $93.42. 2,067,235 shares of the company were exchanged, compared to its average volume of 1,684,846. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The company has a market cap of $35.15 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 1.50 and a beta of 0.62. The firm's fifty day moving average price is $102.03 and its 200 day moving average price is $103.06.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.
Arch Capital Group Announces Dividend
The company also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.
Wall Street Analyst Weigh In
ACGL has been the topic of several research analyst reports. TD Cowen lifted their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI increased their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. 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 MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average price target of $118.38.
View Our Latest Stock Report on ACGL
About Arch Capital Group
(
Free Report)
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.
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