Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 215.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,712 shares of the insurance provider's stock after acquiring an additional 23,037 shares during the quarter. Edgestream Partners L.P.'s holdings in Arch Capital Group were worth $3,772,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $832,246,000 after purchasing an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 buying an additional 49,426 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Arch Capital Group by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock valued at $396,026,000 after buying an additional 244,285 shares during the period. Legal & General Group Plc increased its stake in shares of Arch Capital Group by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider's stock valued at $348,671,000 after acquiring an additional 316,070 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after acquiring an additional 2,168,897 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.0 %

Shares of NASDAQ:ACGL traded down $0.02 during trading on Friday, hitting $100.72. The company's stock had a trading volume of 797,236 shares, compared to its average volume of 2,154,699. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock's 50-day moving average price is $105.40 and its two-hundred day moving average price is $103.41. 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 market capitalization of $37.90 billion, a PE ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The company 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 in the prior year, the business posted $2.31 EPS. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ACGL shares. Keefe, Bruyette & Woods increased their price target on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Citigroup lifted their target price on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Evercore ISI lifted their price objective on 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. Finally, BMO Capital Markets increased their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.