Sanctuary Advisors LLC Increases Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Sanctuary Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 138.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,016 shares of the insurance provider's stock after purchasing an additional 74,369 shares during the quarter. Sanctuary Advisors LLC's holdings in Arch Capital Group were worth $14,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ACGL. State Street Corp raised its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock valued at $1,855,803,000 after purchasing an additional 172,628 shares in the last quarter. Geode Capital Management LLC increased its holdings in Arch Capital Group by 2.4% during the third quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock valued at $1,208,307,000 after buying an additional 253,648 shares during the period. Principal Financial Group Inc. increased its holdings in Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock worth $573,301,000 after buying an additional 49,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock worth $396,026,000 after buying an additional 244,285 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities lifted their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. TD Cowen increased their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Barclays started coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus price target of $118.38.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL traded down $0.50 during mid-day trading on Friday, hitting $93.42. The stock had a trading volume of 2,067,235 shares, compared to its average volume of 1,684,846. The company has a 50 day moving average of $102.03 and a two-hundred day moving average of $103.06. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. 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 cap of $35.15 billion, a PE ratio of 6.27, a PEG ratio of 1.50 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations 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 last year, the business posted $2.31 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

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.