Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Trimmed by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,282 shares of the insurance provider's stock after selling 40,785 shares during the quarter. Intech Investment Management LLC's holdings in Arch Capital Group were worth $19,834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL boosted its holdings in shares of Arch Capital Group by 6.9% in the first quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider's stock worth $408,000 after buying an additional 286 shares during the period. Bessemer Group Inc. raised its position in shares of Arch Capital Group by 4.0% during the first quarter. Bessemer Group Inc. now owns 35,874 shares of the insurance provider's stock valued at $3,317,000 after buying an additional 1,390 shares during the last quarter. Natixis lifted its position in shares of Arch Capital Group by 30.5% in the 1st quarter. Natixis now owns 62,028 shares of the insurance provider's stock worth $5,734,000 after acquiring an additional 14,495 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Arch Capital Group during the 1st quarter valued at about $219,000. Finally, Advisors Asset Management Inc. raised its stake in Arch Capital Group by 1.4% during the first quarter. Advisors Asset Management Inc. now owns 16,826 shares of the insurance provider's stock worth $1,555,000 after acquiring an additional 231 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACGL. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Barclays initiated coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price objective for the company. Royal Bank of Canada decreased their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI raised their target price 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $118.38.

Arch Capital Group Stock Up 0.0 %

Shares of NASDAQ ACGL opened at $95.71 on Thursday. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-month high of $116.47. The stock's fifty day simple moving average is $107.15 and its two-hundred day simple moving average is $103.33. 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 market capitalization of $36.01 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 1.52 and a beta of 0.61.

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 (EPS) 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 firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the business posted $2.31 earnings per share. As a group, analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently declared 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 of this dividend 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.

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