Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lowered by Mount Lucas Management LP

Mount Lucas Management LP reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 48.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,208 shares of the insurance provider's stock after selling 28,195 shares during the quarter. Arch Capital Group makes up approximately 1.1% of Mount Lucas Management LP's investment portfolio, making the stock its 12th biggest position. Mount Lucas Management LP's holdings in Arch Capital Group were worth $3,380,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Kinsale Capital Group Inc. increased its stake in Arch Capital Group by 12.9% in the 3rd quarter. Kinsale Capital Group Inc. now owns 58,021 shares of the insurance provider's stock worth $6,491,000 after buying an additional 6,608 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Arch Capital Group by 8.3% in the 3rd quarter. Natixis Advisors LLC now owns 1,234,004 shares of the insurance provider's stock worth $138,060,000 after purchasing an additional 94,524 shares in the last quarter. Archer Investment Corp purchased a new position in shares of Arch Capital Group in the third quarter worth $277,000. Empowered Funds LLC boosted its position in shares of Arch Capital Group by 4.6% during the third quarter. Empowered Funds LLC now owns 12,839 shares of the insurance provider's stock worth $1,436,000 after acquiring an additional 564 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Arch Capital Group by 8.4% during the third quarter. CIBC Asset Management Inc now owns 54,616 shares of the insurance provider's stock valued at $6,110,000 after purchasing an additional 4,245 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 1.8 %

NASDAQ ACGL traded up $1.78 during trading hours on Friday, hitting $101.83. 2,727,138 shares of the company's stock were exchanged, compared to its average volume of 2,144,112. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $38.31 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. The business's 50 day moving average is $108.03 and its 200-day moving average is $103.31. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47.

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. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the firm posted $2.31 EPS. As a group, analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACGL. Royal Bank of Canada decreased their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Finally, Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.94.

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.