Crossmark Global Holdings Inc. Acquires 6,643 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Crossmark Global Holdings Inc. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,177 shares of the insurance provider's stock after acquiring an additional 6,643 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Arch Capital Group were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of ACGL. Renaissance Technologies LLC purchased a new position in Arch Capital Group in the 2nd quarter worth $4,167,000. AE Wealth Management LLC lifted its stake in shares of Arch Capital Group by 15.2% in the 2nd quarter. AE Wealth Management LLC now owns 2,543 shares of the insurance provider's stock valued at $257,000 after acquiring an additional 336 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Arch Capital Group by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 35,538 shares of the insurance provider's stock valued at $3,585,000 after acquiring an additional 7,768 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Arch Capital Group by 3.5% in the 2nd quarter. ProShare Advisors LLC now owns 91,535 shares of the insurance provider's stock valued at $9,235,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Arch Capital Group by 8.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 63,456 shares of the insurance provider's stock valued at $6,402,000 after acquiring an additional 4,800 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Down 0.2 %

Shares of Arch Capital Group stock traded down $0.19 during trading on Thursday, hitting $93.02. The company's stock had a trading volume of 1,158,793 shares, compared to its average volume of 2,026,978. 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 company has a fifty day simple moving average of $94.63 and a two-hundred day simple moving average of $101.42. The company has a market capitalization of $35.00 billion, a PE ratio of 6.24, a P/E/G ratio of 1.54 and a beta of 0.64. Arch Capital Group Ltd. has a 52 week low of $78.67 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share 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 business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm earned $2.31 earnings per share. Equities research analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Evercore ISI upped their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lowered their price target on Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $118.00.

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.