Nomura Asset Management Co. Ltd. Has $12.44 Million Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Nomura Asset Management Co. Ltd. grew its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,229 shares of the insurance provider's stock after acquiring an additional 5,614 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Arch Capital Group were worth $12,444,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACGL. PNC Financial Services Group Inc. increased its stake in shares of Arch Capital Group by 10.0% in the third 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 grew its holdings 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 worth $6,201,000 after buying an additional 35,060 shares in the last quarter. Metis Global Partners LLC increased its position 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 acquiring an additional 5,345 shares during the period. Signaturefd LLC boosted its position in Arch Capital Group by 6.8% during the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock worth $330,000 after acquiring an additional 187 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Arch Capital Group by 12.7% in the second quarter. Canada Pension Plan Investment Board now owns 287,091 shares of the insurance provider's stock worth $28,965,000 after purchasing an additional 32,370 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 0.2 %

NASDAQ ACGL traded down $0.15 on Thursday, hitting $93.92. 1,449,197 shares of the company were exchanged, compared to its average volume of 1,683,252. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The firm has a market capitalization of $35.34 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.62. The company's 50 day moving average price is $102.84 and its 200-day moving average price is $103.20.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price objective on the stock. Wells Fargo & Company dropped their price target 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. Royal Bank of Canada decreased their price objective 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. StockNews.com cut Arch Capital Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, BMO Capital Markets increased their price target on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $118.38.

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.