FMR LLC increased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,936,940 shares of the insurance provider's stock after purchasing an additional 70,899 shares during the period. FMR LLC owned 0.78% of Arch Capital Group worth $328,585,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. purchased a new position in shares of Arch Capital Group during the second quarter worth about $30,000. Baldwin Brothers LLC MA grew its stake 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 purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group in the second quarter valued at approximately $35,000. LRI Investments LLC purchased a new stake in shares of Arch Capital Group during the first quarter worth approximately $38,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock worth $46,000 after purchasing an additional 131 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.
Arch Capital Group Price Performance
ACGL stock traded down $0.02 on Friday, reaching $100.72. The company had a trading volume of 797,236 shares, compared to its average volume of 2,154,699. The company's fifty day moving average is $105.40 and its 200 day moving average is $103.41. The company has a market cap of $37.90 billion, a P/E ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. 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 Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47.
Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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 company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $2.31 EPS. On average, research analysts forecast 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 disclosed 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
ACGL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. TD Cowen lifted their price target on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group increased their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.38.
View Our Latest Report on Arch Capital Group
About Arch Capital Group
(
Free Report)
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.
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