Arch Capital Group Ltd. (NASDAQ:ACGL) is Marshfield Associates' 3rd Largest Position

Marshfield Associates lessened its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,372,737 shares of the insurance provider's stock after selling 279,986 shares during the period. Arch Capital Group accounts for approximately 8.0% of Marshfield Associates' holdings, making the stock its 3rd biggest position. Marshfield Associates owned 0.90% of Arch Capital Group worth $377,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in shares of Arch Capital Group by 2.6% during the 2nd 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. PNC Financial Services Group Inc. raised its position in shares of Arch Capital Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock valued at $8,024,000 after buying an additional 6,521 shares in the last quarter. Banque Cantonale Vaudoise raised 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. Metis Global Partners LLC raised its position in shares of Arch Capital Group by 26.6% during the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock valued at $2,849,000 after buying an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock valued at $330,000 after buying an additional 187 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Down 2.7 %

Shares of NASDAQ ACGL traded down $2.55 during midday trading on Tuesday, reaching $93.35. 1,812,041 shares of the company's stock traded hands, compared to its average volume of 1,684,938. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. The stock's 50 day simple moving average is $103.23 and its 200-day simple moving average is $103.26. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The company has a market cap of $35.12 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 1.56 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm earned $2.31 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $5.00 dividend. The ex-dividend date was Monday, November 18th.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group upped 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. Citigroup increased their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. BMO Capital Markets increased their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average 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.