Healthcare of Ontario Pension Plan Trust Fund Invests $9.85 Million in Arch Capital Group Ltd. (NASDAQ:ACGL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 88,000 shares of the insurance provider's stock, valued at approximately $9,845,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP acquired a new stake in shares of Arch Capital Group during the third quarter worth about $25,000. UMB Bank n.a. acquired a new stake in Arch Capital Group during the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA lifted its stake in Arch Capital Group by 50.7% in the second 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 in the last quarter. Rothschild Investment LLC acquired a new position in shares of Arch Capital Group in the second quarter valued at approximately $35,000. Finally, LRI Investments LLC bought a new stake in shares of Arch Capital Group during the first quarter worth $38,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded down $0.02 during mid-day trading on Friday, hitting $100.72. The stock had a trading volume of 797,236 shares, compared to its average volume of 1,686,452. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61. The company's 50 day simple moving average is $105.40 and its 200 day simple moving average is $103.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $4.72 billion during the quarter, compared to analysts' expectations 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 period last year, the firm posted $2.31 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on ACGL shares. 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. Royal Bank of Canada cut their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Evercore ISI increased their price objective 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. StockNews.com lowered Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. 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 assigned a buy rating to the company. Based on data from MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and an average price target 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.