Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 61.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,254 shares of the insurance provider's stock after selling 5,247 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Arch Capital Group were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ACGL. Sequoia Financial Advisors LLC increased its holdings in Arch Capital Group by 2.6% in the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock valued at $2,106,000 after buying an additional 519 shares in the last quarter. Cetera Advisors LLC grew its holdings in Arch Capital Group by 70.9% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock valued at $1,266,000 after purchasing an additional 5,684 shares during the period. Swedbank AB purchased a new stake in shares of Arch Capital Group in the first quarter valued at approximately $25,060,000. Price T Rowe Associates Inc. MD raised its stake in shares of Arch Capital Group by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock worth $97,299,000 after buying an additional 7,109 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in shares of Arch Capital Group by 172.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock valued at $6,201,000 after buying an additional 35,060 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 0.3 %

NASDAQ:ACGL traded up $0.33 on Wednesday, hitting $100.74. The stock had a trading volume of 991,509 shares, compared to its average volume of 1,687,877. The company has a fifty day moving average price of $106.11 and a two-hundred day moving average price of $103.39. The stock 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. 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 Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47.

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, 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 company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the firm earned $2.31 earnings per share. 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 business 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.

Wall Street Analyst Weigh In

ACGL has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Bank of America cut their target price 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. JPMorgan Chase & Co. raised their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Evercore ISI boosted their price objective on Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target 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.