National Bank of Canada FI Has $61.68 Million Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

National Bank of Canada FI grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 335.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551,312 shares of the insurance provider's stock after purchasing an additional 424,770 shares during the quarter. National Bank of Canada FI owned about 0.15% of Arch Capital Group worth $61,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACGL. Sequoia Financial Advisors LLC raised its position in Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock worth $2,106,000 after acquiring an additional 519 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Arch Capital Group by 10.0% in 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 purchasing an additional 6,521 shares during the period. Banque Cantonale Vaudoise lifted its stake in Arch Capital Group by 172.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock valued at $6,201,000 after purchasing an additional 35,060 shares during the last quarter. Metis Global Partners LLC lifted its stake in Arch Capital Group by 26.6% in the 3rd quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock valued at $2,849,000 after purchasing an additional 5,345 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Arch Capital Group by 6.8% during the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock worth $330,000 after purchasing an additional 187 shares during the period. Institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

ACGL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Bank of America cut their target price on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Evercore ISI increased their price target on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.38.

Arch Capital Group Price Performance

Arch Capital Group stock traded down $0.66 during trading hours on Friday, reaching $97.83. 1,398,260 shares of the stock were exchanged, compared to its average volume of 1,869,686. The stock has a 50 day moving average of $103.95 and a two-hundred day moving average of $103.37. The company has a market cap of $36.81 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. During the same period in the previous year, the business earned $2.31 earnings per share. Equities analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were given a dividend of $5.00 per share. The ex-dividend date was Monday, November 18th.

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.