Arch Capital Group Ltd. (NASDAQ:ACGL) Holdings Boosted by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 172.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,423 shares of the insurance provider's stock after acquiring an additional 35,060 shares during the quarter. Banque Cantonale Vaudoise's holdings in Arch Capital Group were worth $6,201,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. bought a new stake in Arch Capital Group during the second quarter valued at $30,000. Baldwin Brothers LLC MA raised its stake in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares during the period. Rothschild Investment LLC bought a new position in Arch Capital Group in the second quarter worth about $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the first quarter valued at approximately $38,000. Finally, Versant Capital Management Inc grew its holdings in shares of Arch Capital Group by 40.3% during the second quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACGL shares. Evercore ISI boosted 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. Jefferies Financial Group boosted their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Bank of America dropped their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $118.38.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL traded down $1.29 during midday trading on Tuesday, reaching $95.69. The company's stock had a trading volume of 1,554,552 shares, compared to its average volume of 1,678,921. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.61. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. 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 company has a 50 day moving average price of $107.74 and a 200 day moving average price of $103.38.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $2.31 EPS. On average, equities research analysts expect that Arch Capital Group Ltd. will post 9.01 EPS for the current year.

Arch Capital Group Announces Dividend

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

About Arch Capital Group

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.