Bamco Inc. NY Has $2.32 Billion Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Bamco Inc. NY cut its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,725,357 shares of the insurance provider's stock after selling 194,843 shares during the period. Arch Capital Group accounts for approximately 6.2% of Bamco Inc. NY's investment portfolio, making the stock its 2nd biggest holding. Bamco Inc. NY owned about 5.51% of Arch Capital Group worth $2,318,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Arch Capital Group during the third quarter valued at $25,000. UMB Bank n.a. bought a new position in shares of Arch Capital Group during the 2nd quarter valued at about $30,000. Baldwin Brothers LLC MA raised its stake in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Arch Capital Group in the 3rd quarter worth $46,000. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada dropped their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Barclays began coverage on shares of Arch Capital Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 target price on the stock. JMP Securities raised their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 15th. Roth Mkm boosted their price target on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.02 on Monday, hitting $100.72. 797,236 shares of the company's stock were exchanged, compared to its average volume of 1,686,452. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year 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. The stock 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. The company has a 50-day simple moving average of $105.40 and a 200-day simple moving average of $103.45.

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, topping analysts' consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same quarter last year, the business earned $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS 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 is Monday, November 18th.

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.