Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Lifted by Everence Capital Management Inc.

Everence Capital Management Inc. raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 239.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,580 shares of the insurance provider's stock after buying an additional 13,820 shares during the quarter. Everence Capital Management Inc.'s holdings in Arch Capital Group were worth $1,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after acquiring an additional 101 shares in the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of Arch Capital Group by 2.8% during the third quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock worth $415,000 after purchasing an additional 103 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of Arch Capital Group by 3.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock worth $344,000 after buying an additional 106 shares during the last quarter. KG&L Capital Management LLC boosted its holdings in shares of Arch Capital Group by 1.1% in the 3rd quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after buying an additional 115 shares during the period. Finally, Marks Group Wealth Management Inc grew its position in shares of Arch Capital Group by 4.2% during the 3rd quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock valued at $323,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ACGL shares. Bank of America decreased their target price on 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 downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $118.13.

Arch Capital Group Price Performance

NASDAQ ACGL traded up $0.02 on Friday, reaching $91.40. 1,624,729 shares of the stock traded hands, compared to its average volume of 1,327,214. Arch Capital Group Ltd. has a 12 month low of $74.85 and a 12 month high of $116.47. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 1.49 and a beta of 0.62. The firm's fifty day simple moving average is $96.72 and its 200 day simple moving average is $102.15. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $2.31 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

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.