McElhenny Sheffield Capital Management LLC Invests $377,000 in Arch Capital Group Ltd. (NASDAQ:ACGL)

McElhenny Sheffield Capital Management LLC bought a new position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,082 shares of the insurance provider's stock, valued at approximately $377,000.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arch Capital Group by 245.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock valued at $341,652,000 after acquiring an additional 2,168,897 shares during the period. Erste Asset Management GmbH purchased a new stake in Arch Capital Group during the third quarter valued at about $82,748,000. National Pension Service bought a new position in shares of Arch Capital Group in the third quarter worth $64,271,000. International Assets Investment Management LLC grew its stake in Arch Capital Group by 18,634.1% during the third quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock valued at $616,840,000 after acquiring an additional 548,402 shares in the last quarter. Finally, Brandes Investment Partners LP bought a new position in Arch Capital Group in the 2nd quarter worth about $48,119,000. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock traded down $0.59 during midday trading on Friday, hitting $95.51. The company had a trading volume of 4,619,679 shares, compared to its average volume of 1,566,731. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 12-month low of $77.53 and a 12-month high of $116.47. The stock has a market cap of $35.93 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.41 and a beta of 0.64. The company has a fifty day simple moving average of $95.15 and a 200 day simple moving average of $101.58.

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 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 company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 8.85 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 issued a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, November 18th.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore ISI boosted their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price objective on 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. Jefferies Financial Group upped their price target on shares of Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Bank of America decreased their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price target on Arch Capital Group from $109.00 to $107.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

About Arch Capital Group

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.