Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Barclays PLC

Barclays PLC cut its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,297,009 shares of the insurance provider's stock after selling 353,896 shares during the quarter. Barclays PLC owned about 0.34% of Arch Capital Group worth $145,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Arch Capital Group by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after acquiring an additional 6,521 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Arch Capital Group by 172.2% in the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock worth $6,201,000 after acquiring an additional 35,060 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after acquiring an additional 5,345 shares in the last quarter. Signaturefd LLC boosted its holdings in Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock worth $330,000 after acquiring an additional 187 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Arch Capital Group by 12.7% in the second quarter. Canada Pension Plan Investment Board now owns 287,091 shares of the insurance provider's stock worth $28,965,000 after acquiring an additional 32,370 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Trading Up 0.8 %

Shares of ACGL stock traded up $0.72 on Wednesday, reaching $94.07. 1,516,060 shares of the company's stock were exchanged, compared to its average volume of 1,684,232. Arch Capital Group Ltd. has a 52 week low of $72.85 and a 52 week 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 stock has a market capitalization of $35.39 billion, a PE ratio of 6.31, a P/E/G ratio of 1.56 and a beta of 0.62. The company's fifty day simple moving average is $102.84 and its 200 day simple moving average is $103.20.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for 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 in the previous year, the firm earned $2.31 earnings per share. As a group, analysts forecast that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The firm also recently declared 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 was Monday, November 18th.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACGL. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Barclays assumed coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price objective for the company. Wells Fargo & Company reduced their price objective on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Citigroup upped their price objective on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Finally, StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $118.38.

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.