Assenagon Asset Management S.A. Raises Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Assenagon Asset Management S.A. grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,504 shares of the insurance provider's stock after acquiring an additional 3,410 shares during the period. Assenagon Asset Management S.A.'s holdings in Arch Capital Group were worth $3,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after buying an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Arch Capital Group during the 3rd quarter valued at $82,748,000. National Pension Service bought a new position in shares of Arch Capital Group in 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 in the last quarter. Finally, Brandes Investment Partners LP bought a new stake in shares of Arch Capital Group during the 2nd quarter valued at $48,119,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACGL. Royal Bank of Canada cut their target price on 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. Evercore ISI raised their price objective on shares of 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. Jefferies Financial Group upped their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. JMP Securities increased their target price on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets boosted their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Arch Capital Group Trading Down 1.8 %

ACGL stock traded down $1.67 during trading on Wednesday, hitting $93.21. 1,912,357 shares of the company traded hands, compared to its average volume of 2,093,758. The company has a 50-day moving average of $94.93 and a 200-day moving average of $101.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $78.67 and a 1 year high of $116.47. The firm has a market capitalization of $35.07 billion, a PE ratio of 6.26, a P/E/G ratio of 1.55 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given 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.