DRW Securities LLC Buys 20,262 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

DRW Securities LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 711.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,110 shares of the insurance provider's stock after acquiring an additional 20,262 shares during the period. DRW Securities LLC's holdings in Arch Capital Group were worth $2,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in Arch Capital Group by 12.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after purchasing an additional 101 shares during the period. Fiduciary Financial Group LLC increased its holdings in shares of Arch Capital Group by 2.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock worth $415,000 after purchasing an additional 103 shares during the period. Baldwin Brothers LLC MA raised its holdings in shares of Arch Capital Group by 50.7% in the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in Arch Capital Group by 3.1% in the second quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock valued at $344,000 after purchasing an additional 106 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in shares of Arch Capital Group by 1.1% during the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock worth $1,214,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.4 %

Shares of NASDAQ ACGL traded up $0.37 during midday trading on Monday, hitting $100.06. 4,049,906 shares of the company traded hands, compared to its average volume of 1,695,227. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47. The firm has a market cap of $37.65 billion, a P/E ratio of 6.69, a P/E/G ratio of 1.59 and a beta of 0.61. The stock has a 50-day moving average price of $106.67 and a 200 day moving average price of $103.38. 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 quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $2.31 EPS. As a group, analysts expect that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on ACGL shares. Wells Fargo & Company reduced their target price on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. Evercore ISI raised their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their target price on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Roth Mkm raised their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Finally, Bank of America decreased their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $118.38.

Arch Capital Group Company 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.