Natixis Advisors LLC Acquires 94,524 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Natixis Advisors LLC boosted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,234,004 shares of the insurance provider's stock after purchasing an additional 94,524 shares during the quarter. Natixis Advisors LLC owned 0.33% of Arch Capital Group worth $138,060,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACGL. UMB Bank n.a. bought a new stake in shares of Arch Capital Group in the 2nd quarter valued at $30,000. Baldwin Brothers LLC MA raised its position in shares of Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock worth $31,000 after purchasing an additional 104 shares during the period. Rothschild Investment LLC bought a new position in shares of Arch Capital Group during the 2nd quarter valued at about $35,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group in the 1st quarter valued at approximately $38,000. Finally, Versant Capital Management Inc increased its stake in Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on 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 dropped 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. TD Cowen upped their price target on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada lowered their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has an average rating of "Moderate Buy" and a consensus target price of $118.94.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded up $1.78 during mid-day trading on Friday, hitting $101.83. The stock had a trading volume of 2,727,138 shares, compared to its average volume of 1,676,880. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a market cap of $38.31 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.46 and a beta of 0.61. The company's 50 day simple moving average is $108.03 and its 200 day simple moving average is $103.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations 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 posted $2.31 earnings per share. On average, equities research analysts forecast that Arch Capital Group Ltd. will post 9.02 earnings per share for the current year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given 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.