Benjamin Edwards Inc. Makes New $1.87 Million Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Benjamin Edwards Inc. acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,744 shares of the insurance provider's stock, valued at approximately $1,873,000.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of Arch Capital Group by 155.9% during the 1st quarter. Cetera Investment Advisers now owns 41,541 shares of the insurance provider's stock worth $3,840,000 after purchasing an additional 25,306 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock valued at $1,266,000 after acquiring an additional 5,684 shares during the period. Simplicity Wealth LLC lifted its holdings in Arch Capital Group by 4.0% in the second quarter. Simplicity Wealth LLC now owns 12,079 shares of the insurance provider's stock valued at $1,219,000 after acquiring an additional 461 shares during the period. CX Institutional purchased a new stake in shares of Arch Capital Group in the second quarter valued at approximately $213,000. Finally, Baldwin Brothers LLC MA increased its position in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after buying an additional 104 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

ACGL has been the topic of a number of recent research reports. Bank of America lowered their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Wells Fargo & Company cut their price target on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. BMO Capital Markets raised their price target on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI increased their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.38.

Arch Capital Group Stock Down 0.9 %

Shares of NASDAQ:ACGL traded down $0.86 during trading on Friday, hitting $97.63. The company's stock had a trading volume of 646,011 shares, compared to its average volume of 1,680,326. 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 fifty-two week low of $72.85 and a fifty-two week high of $116.47. The stock's 50-day moving average price is $104.26 and its two-hundred day moving average price is $103.37. The company has a market capitalization of $36.73 billion, a PE ratio of 6.57, a PEG ratio of 1.58 and a beta of 0.62.

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 for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm 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 period in the previous year, the company earned $2.31 earnings per share. As a group, sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

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