Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 622,853 shares of the insurance provider's stock after selling 26,897 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Arch Capital Group worth $69,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group during the 3rd quarter valued at $25,000. UMB Bank n.a. purchased a new position in Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA grew its position in 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 acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group during the second quarter valued at approximately $35,000. Finally, LRI Investments LLC acquired a new position in shares of Arch Capital Group during the first quarter worth $38,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Shares of NASDAQ:ACGL traded up $0.33 during trading on Thursday, hitting $100.74. 991,509 shares of the company traded hands, compared to its average volume of 1,690,318. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.59 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 quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The business's fifty day moving average is $105.87 and its 200-day moving average is $103.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $2.31 earnings per share. As a group, equities analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $5.00 dividend. The ex-dividend date is Monday, November 18th.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ACGL shares. Keefe, Bruyette & Woods boosted their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. 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. Jefferies Financial Group raised their price objective on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Citigroup upped their target price 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, BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.