Charles Schwab Investment Management Inc. Reduces Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Charles Schwab Investment Management Inc. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,035,552 shares of the insurance provider's stock after selling 5,759 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.54% of Arch Capital Group worth $227,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trustmark National Bank Trust Department lifted its position in shares of Arch Capital Group by 7.6% in the 3rd quarter. Trustmark National Bank Trust Department now owns 26,760 shares of the insurance provider's stock worth $2,994,000 after purchasing an additional 1,893 shares during the period. Moors & Cabot Inc. bought a new position in Arch Capital Group during the third quarter worth $250,000. Advisors Asset Management Inc. lifted its holdings in Arch Capital Group by 9.8% in the third quarter. Advisors Asset Management Inc. now owns 9,980 shares of the insurance provider's stock valued at $1,117,000 after buying an additional 890 shares during the period. West Family Investments Inc. boosted its position in Arch Capital Group by 21.9% during the third quarter. West Family Investments Inc. now owns 3,022 shares of the insurance provider's stock valued at $338,000 after acquiring an additional 542 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Arch Capital Group by 10.0% during the 3rd 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 during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Arch Capital Group Stock Up 1.1 %

NASDAQ:ACGL traded up $1.10 during trading hours on Friday, hitting $99.69. 1,569,642 shares of the company traded hands, compared to its average volume of 2,220,537. 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 company has a market cap of $37.51 billion, a PE ratio of 6.69, a PEG ratio of 1.56 and a beta of 0.61. The firm's 50-day simple moving average is $106.67 and its 200-day simple moving average is $103.35. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly 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. The business had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the company earned $2.31 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Roth Mkm upped their target price on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Evercore ISI increased their price target on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Bank of America lowered their price objective on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.38.

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.