Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 120.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,303 shares of the insurance provider's stock after purchasing an additional 56,936 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Arch Capital Group were worth $11,669,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in 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 buying an additional 101 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in Arch Capital Group by 2.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock valued at $415,000 after buying an additional 103 shares during the last quarter. Baldwin Brothers LLC MA grew its holdings 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. Fidelis Capital Partners LLC grew its holdings in Arch Capital Group by 3.1% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,553 shares of the insurance provider's stock valued at $344,000 after buying an additional 106 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in shares of Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock worth $1,214,000 after purchasing an additional 115 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several analyst reports. Bank of America decreased their price objective on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Jefferies Financial Group raised their price objective on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Evercore ISI raised 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. Citigroup raised their price objective on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Finally, JMP Securities raised their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 15th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.38.

Arch Capital Group Stock Up 0.0 %

NASDAQ:ACGL traded up $0.01 during mid-day trading on Thursday, hitting $98.49. The company had a trading volume of 1,379,122 shares, compared to its average volume of 1,684,859. The business has a fifty day simple moving average of $104.55 and a 200-day simple moving average of $103.41. The company has a current ratio of 0.58, a quick 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. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 1.58 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released 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 return on equity of 18.94% and a net margin of 33.86%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $2.31 earnings per share. Equities analysts forecast that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date of this dividend 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.