Cerity Partners LLC Has $6.05 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cerity Partners LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 72.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,115 shares of the insurance provider's stock after buying an additional 22,644 shares during the quarter. Cerity Partners LLC's holdings in Arch Capital Group were worth $6,054,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Arch Capital Group by 4.8% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Arch Capital Group by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock worth $573,301,000 after acquiring an additional 49,426 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 244,285 shares during the period. Legal & General Group Plc lifted its holdings in shares of Arch Capital Group by 10.1% during the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider's stock valued at $348,671,000 after purchasing an additional 316,070 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Arch Capital Group by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,882,387 shares of the insurance provider's stock valued at $189,914,000 after purchasing an additional 32,115 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 0.3 %

Shares of Arch Capital Group stock traded up $0.33 during trading on Thursday, hitting $100.74. 991,509 shares of the stock traded hands, compared to its average volume of 1,690,318. The stock has a market cap of $37.90 billion, a P/E ratio of 6.76, a PEG ratio of 1.59 and a beta of 0.61. The company has a fifty day moving average price of $105.87 and a two-hundred day moving average price of $103.37. 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.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the company earned $2.31 earnings per share. Equities 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 will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analyst Ratings Changes

Several research firms have issued reports on ACGL. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Wells Fargo & Company cut their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Citigroup raised their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Evercore ISI lifted their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Arch Capital Group currently has a consensus rating of "Moderate Buy" and an average price target of $118.38.

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.