Ballentine Partners LLC Buys 7,372 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Ballentine Partners LLC grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 268.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,119 shares of the insurance provider's stock after acquiring an additional 7,372 shares during the quarter. Ballentine Partners LLC's holdings in Arch Capital Group were worth $934,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake in Arch Capital Group by 1.1% in the 3rd quarter. State Street Corp now owns 16,587,446 shares of the insurance provider's stock worth $1,855,803,000 after buying an additional 172,628 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arch Capital Group by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,830,263 shares of the insurance provider's stock worth $1,208,307,000 after acquiring an additional 253,648 shares during the last quarter. Principal Financial Group Inc. grew its position in Arch Capital Group by 4.8% in the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after acquiring an additional 337,786 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Arch Capital Group by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock valued at $573,301,000 after acquiring an additional 49,426 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Arch Capital Group by 10.1% during the second quarter. Legal & General Group Plc now owns 3,455,949 shares of the insurance provider's stock valued at $348,671,000 after purchasing an additional 316,070 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Down 0.2 %

NASDAQ ACGL traded down $0.19 on Thursday, hitting $93.02. The company's stock had a trading volume of 1,158,793 shares, compared to its average volume of 2,026,978. The firm has a market cap of $35.00 billion, a P/E ratio of 6.24, a PEG ratio of 1.54 and a beta of 0.64. Arch Capital Group Ltd. has a 52-week low of $78.67 and a 52-week high of $116.47. The company's 50-day simple moving average is $94.63 and its 200 day simple moving average is $101.42. 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 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 during the quarter, compared to analyst estimates of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter last year, the firm posted $2.31 earnings per share. Research analysts predict that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. 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 report on Friday, November 1st. Barclays reduced their price target on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Evercore ISI lifted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their target price on shares of Arch Capital Group from $109.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Arch Capital Group 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.