KBC Group NV Acquires 447,831 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

KBC Group NV grew its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 385.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,095 shares of the insurance provider's stock after purchasing an additional 447,831 shares during the quarter. KBC Group NV owned about 0.15% of Arch Capital Group worth $52,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACGL. Quantbot Technologies LP bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $25,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $46,000. UMB Bank n.a. boosted its position in shares of Arch Capital Group by 41.9% in the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 126 shares during the period. Asset Dedication LLC boosted its position in shares of Arch Capital Group by 188.1% in the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after acquiring an additional 284 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Arch Capital Group in the third quarter valued at approximately $50,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 1.4 %

Shares of NASDAQ ACGL traded down $1.31 during mid-day trading on Tuesday, hitting $95.21. The stock had a trading volume of 1,626,102 shares, compared to its average volume of 1,955,149. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. Arch Capital Group Ltd. has a 1 year low of $79.00 and a 1 year high of $116.47. The business has a 50 day moving average price of $94.43 and a two-hundred day moving average price of $101.43. The firm has a market cap of $35.82 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping 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 company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. On average, equities analysts anticipate that Arch Capital Group Ltd. will post 8.86 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Shareholders 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.

Wall Street Analysts Forecast Growth

ACGL has been the subject of a number of analyst reports. Barclays cut their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their target price on shares of Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Evercore ISI lifted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their target price 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. Finally, Jefferies Financial Group lifted their target price on shares of 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $118.00.

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.