Bridgewater Associates LP grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 48.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,919 shares of the insurance provider's stock after purchasing an additional 68,072 shares during the quarter. Bridgewater Associates LP owned 0.06% of Arch Capital Group worth $23,262,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Arch Capital Group during the 3rd quarter worth approximately $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group in the second quarter valued at $30,000. Baldwin Brothers LLC MA boosted its position in shares of Arch Capital Group by 50.7% during the 2nd quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group in the second quarter valued at approximately $35,000. Finally, LRI Investments LLC acquired a new stake in Arch Capital Group during the first quarter worth approximately $38,000. 89.07% of the stock is owned by hedge funds and other institutional investors.
Arch Capital Group Stock Up 0.3 %
Arch Capital Group stock traded up $0.33 during trading on Thursday, reaching $100.74. 991,509 shares of the company's stock were exchanged, compared to its average volume of 1,690,318. The company's 50-day moving average is $106.11 and its two-hundred day moving average is $103.39. 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 52-week low of $72.85 and a 52-week high of $116.47. The firm has a market cap 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 (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 analysts' consensus estimates of $1.94 by $0.05. The business 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 quarter last year, the firm earned $2.31 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.
Arch Capital Group Dividend Announcement
The company 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 dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, November 18th.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ACGL. JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Bank of America reduced their price target on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a report on Friday, November 15th. Wells Fargo & Company lowered their price target on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 19th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their price target on shares of 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and an average price target of $118.38.
Read Our Latest Stock Report on Arch Capital Group
About Arch Capital Group
(
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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