Thompson Siegel & Walmsley LLC Sells 280,188 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Thompson Siegel & Walmsley LLC trimmed its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 75.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,931 shares of the insurance provider's stock after selling 280,188 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Arch Capital Group were worth $10,173,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. National Pension Service purchased a new stake in Arch Capital Group during the third quarter worth $64,271,000. International Assets Investment Management LLC grew its position in shares of Arch Capital Group by 18,634.1% in the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after purchasing an additional 548,402 shares during the last quarter. Brandes Investment Partners LP purchased a new position in shares of Arch Capital Group during the 2nd quarter worth approximately $48,119,000. Natixis Advisors LLC raised its position in shares of Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider's stock worth $114,962,000 after purchasing an additional 423,406 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Arch Capital Group by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock valued at $832,246,000 after buying an additional 337,786 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 1.1 %

Shares of ACGL traded up $1.10 on Friday, reaching $99.69. The company's stock had a trading volume of 1,569,636 shares, compared to its average volume of 1,684,854. The stock has a market capitalization of $37.51 billion, a PE ratio of 6.69, a PEG ratio of 1.52 and a beta of 0.61. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a fifty day moving average of $106.67 and a 200-day moving average of $103.32. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating 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 business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $2.31 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of 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 assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 target price for the company. BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 6th. 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 report on Wednesday, October 9th. Finally, 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 report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus target price of $118.38.

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.