Metis Global Partners LLC Acquires 5,345 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Metis Global Partners LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 26.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,465 shares of the insurance provider's stock after buying an additional 5,345 shares during the quarter. Metis Global Partners LLC's holdings in Arch Capital Group were worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 104,008 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Arch Capital Group by 4.8% during the third quarter. Principal Financial Group Inc. now owns 7,438,738 shares of the insurance provider's stock worth $832,246,000 after purchasing an additional 337,786 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Arch Capital Group by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,124,251 shares of the insurance provider's stock worth $573,301,000 after purchasing an additional 49,426 shares during the last quarter. Capital International Investors lifted its stake in Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock worth $380,167,000 after purchasing an additional 1,560,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Arch Capital Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,925,288 shares of the insurance provider's stock worth $396,026,000 after purchasing an additional 244,285 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ACGL. Royal Bank of Canada dropped their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Roth Mkm boosted their price target on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Wells Fargo & Company reduced their price target on Arch Capital Group from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, Citigroup boosted their price target on Arch Capital Group from $105.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.94.

Arch Capital Group Stock Up 1.8 %

Shares of Arch Capital Group stock traded up $1.78 during midday trading on Friday, hitting $101.83. The company had a trading volume of 2,726,369 shares, compared to its average volume of 1,676,880. 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 stock has a market capitalization of $38.31 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.46 and a beta of 0.61. The company has a 50 day moving average of $108.03 and a 200 day moving average of $103.24. 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 results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the business posted $2.31 EPS. On average, equities analysts predict that Arch Capital Group Ltd. will post 9.02 earnings per share for the current fiscal year.

Arch Capital Group Announces Dividend

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

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.