Northwest & Ethical Investments L.P. acquired a new position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,410 shares of the insurance provider's stock, valued at approximately $3,179,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Arch Capital Group in the third quarter valued at about $25,000. UMB Bank n.a. purchased a new stake in shares of Arch Capital Group in the second quarter valued at about $30,000. Baldwin Brothers LLC MA boosted its holdings in shares of Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 104 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Arch Capital Group in the second quarter valued at about $35,000. Finally, LRI Investments LLC purchased a new stake in shares of Arch Capital Group in the first quarter valued at about $38,000. 89.07% of the stock is owned by hedge funds and other institutional investors.
Arch Capital Group Price Performance
Shares of NASDAQ ACGL traded down $0.02 on Friday, hitting $100.72. The company's stock had a trading volume of 797,236 shares, compared to its average volume of 1,686,452. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The stock has a 50 day moving average of $105.65 and a 200-day moving average of $103.35. Arch Capital Group Ltd. has a 12-month low of $72.85 and a 12-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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.05. The business had revenue of $4.72 billion for 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 quarter in the prior year, the firm posted $2.31 earnings per share. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current year.
Arch Capital Group Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.
Wall Street Analyst Weigh In
ACGL has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Arch Capital Group from $120.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Royal Bank of Canada reduced 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 research note on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Arch Capital Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.38.
Read Our Latest Report on ACGL
About Arch Capital Group
(
Free Report)
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.
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