Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Position Lifted by KBC Group NV

KBC Group NV increased its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 92.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,264 shares of the insurance provider's stock after acquiring an additional 55,881 shares during the period. KBC Group NV's holdings in Arch Capital Group were worth $13,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Avantax Advisory Services Inc. increased its position in Arch Capital Group by 14.0% in the first quarter. Avantax Advisory Services Inc. now owns 8,534 shares of the insurance provider's stock worth $789,000 after buying an additional 1,045 shares during the period. Blair William & Co. IL increased its holdings in Arch Capital Group by 6.9% in the 1st quarter. Blair William & Co. IL now owns 4,414 shares of the insurance provider's stock valued at $408,000 after buying an additional 286 shares during the period. Vanguard Group Inc. increased its holdings in shares of Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock worth $3,776,996,000 after buying an additional 104,008 shares in the last quarter. TIAA Trust National Association bought a new stake in shares of Arch Capital Group during the first quarter worth $263,000. Finally, Cynosure Group LLC bought a new stake in shares of Arch Capital Group in the 1st quarter valued at about $326,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Up 1.8 %

Shares of Arch Capital Group stock traded up $1.78 on Friday, reaching $101.83. The company had a trading volume of 2,727,138 shares, compared to its average volume of 2,144,112. 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 firm has a market cap of $38.31 billion, a PE ratio of 6.83, a PEG ratio of 1.47 and a beta of 0.61. The firm's 50 day moving average price is $108.03 and its two-hundred day moving average price is $103.31. Arch Capital Group Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share 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 business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company earned $2.31 earnings per share. Sell-side analysts predict that Arch Capital Group Ltd. will post 9.01 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on ACGL shares. Roth Mkm increased their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. BMO Capital Markets lifted their price target 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. TD Cowen upped their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Jefferies Financial Group lifted their target price on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. 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 note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.94.

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.