Perpetual Ltd Trims Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Perpetual Ltd trimmed its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,109 shares of the insurance provider's stock after selling 2,950 shares during the period. Perpetual Ltd's holdings in Arch Capital Group were worth $7,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ACGL. Nomura Asset Management Co. Ltd. increased its position in shares of Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after buying an additional 5,614 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after buying an additional 6,521 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock worth $6,201,000 after acquiring an additional 35,060 shares during the last quarter. Metis Global Partners LLC grew its position in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after acquiring an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock valued at $330,000 after acquiring an additional 187 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ACGL shares. Evercore ISI increased their price objective on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price target on shares of Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, Royal Bank of Canada cut their price target on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

Arch Capital Group Stock Down 1.8 %

Shares of NASDAQ:ACGL traded down $1.67 during midday trading on Wednesday, reaching $93.21. The company's stock had a trading volume of 1,912,357 shares, compared to its average volume of 2,093,758. The firm has a market capitalization of $35.07 billion, a P/E ratio of 6.26, a PEG ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $78.67 and a 12-month high of $116.47. The firm has a 50 day moving average of $94.77 and a 200-day moving average of $101.48.

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. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Dividend Announcement

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