BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 18.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 778,432 shares of the insurance provider's stock after selling 170,596 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.21% of Arch Capital Group worth $87,091,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the 2nd quarter worth $30,000. Baldwin Brothers LLC MA increased its holdings in Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group during the 2nd quarter valued at about $35,000. LRI Investments LLC purchased a new position in Arch Capital Group during the 1st quarter valued at about $40,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Arch Capital Group during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 89.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ACGL shares. Barclays started coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price target for the company. Evercore ISI boosted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. TD Cowen boosted their target price on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a report on Friday, September 20th. Finally, StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $118.38.
View Our Latest Stock Analysis on Arch Capital Group
Arch Capital Group Price Performance
ACGL stock traded up $2.55 during mid-day trading on Thursday, hitting $98.26. 834,224 shares of the stock were exchanged, compared to its average volume of 1,680,543. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average price of $107.15 and a 200 day moving average price of $103.33. The stock has a market capitalization of $36.97 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 1.52 and a beta of 0.61.
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 for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion for 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 business earned $2.31 EPS. On average, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.01 EPS for the current year.
Arch Capital Group Announces Dividend
The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, November 18th.
Arch Capital Group Company Profile
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Free Report)
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.
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