Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Decreased by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,109 shares of the insurance provider's stock after selling 22,542 shares during the period. HighTower Advisors LLC's holdings in Arch Capital Group were worth $13,189,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in Arch Capital Group in the 3rd quarter worth about $1,873,000. Alerus Financial NA increased its holdings in shares of Arch Capital Group by 0.5% during the 3rd quarter. Alerus Financial NA now owns 30,436 shares of the insurance provider's stock worth $3,405,000 after buying an additional 161 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Arch Capital Group in the 3rd quarter worth $82,748,000. Edgestream Partners L.P. boosted its holdings in Arch Capital Group by 215.8% in the third quarter. Edgestream Partners L.P. now owns 33,712 shares of the insurance provider's stock valued at $3,772,000 after acquiring an additional 23,037 shares during the last quarter. Finally, Kolinsky Wealth Management LLC purchased a new stake in Arch Capital Group during the third quarter valued at about $226,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ACGL shares. Jefferies Financial Group lifted their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Evercore ISI increased their price target 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. Royal Bank of Canada reduced their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen increased their target price 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Stock Performance

ACGL traded down $0.66 on Friday, hitting $97.83. 1,398,260 shares of the company's stock were exchanged, compared to its average volume of 1,869,686. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $103.95 and a two-hundred day moving average of $103.37. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a market cap of $36.81 billion, a PE ratio of 6.57, a P/E/G ratio of 1.57 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 return on equity of 18.94% and a net margin of 33.86%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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