Cinctive Capital Management LP Decreases Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Cinctive Capital Management LP reduced its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 65.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,964 shares of the insurance provider's stock after selling 80,977 shares during the period. Cinctive Capital Management LP's holdings in Arch Capital Group were worth $4,695,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter worth approximately $25,000. UMB Bank n.a. bought a new stake in Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA raised its stake 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 buying an additional 104 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the 2nd quarter valued at $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group in the 3rd quarter worth $46,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 0.4 %

Arch Capital Group stock traded up $0.40 during trading on Tuesday, reaching $99.70. 561,999 shares of the company were exchanged, compared to its average volume of 1,680,638. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47. The company has a market capitalization of $37.51 billion, a P/E ratio of 6.68, a PEG ratio of 1.60 and a beta of 0.62. The stock's 50 day simple moving average is $105.11 and its two-hundred day simple moving average is $103.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $2.31 earnings per share. On average, equities research analysts expect 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. Investors of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACGL shares. Evercore ISI raised their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price on the stock. Finally, Citigroup upped their price target on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $118.38.

Arch Capital Group 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.