Oddo BHF Asset Management Sas Acquires Shares of 16,497 Arch Capital Group Ltd. (NASDAQ:ACGL)

Oddo BHF Asset Management Sas acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,497 shares of the insurance provider's stock, valued at approximately $1,846,000.

Several other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in 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 raised its position in shares of Arch Capital Group by 172.2% in the third 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. Nomura Asset Management Co. Ltd. boosted its stake in Arch Capital Group by 5.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after buying an additional 5,614 shares during the period. Metis Global Partners LLC grew its position in Arch Capital Group by 26.6% during the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock worth $2,849,000 after buying an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Arch Capital Group by 6.8% in 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 last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 0.5 %

Shares of Arch Capital Group stock traded down $0.50 on Friday, hitting $93.42. The stock had a trading volume of 2,067,235 shares, compared to its average volume of 1,684,846. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a one year low of $72.85 and a one year high of $116.47. The stock's 50-day simple moving average is $102.03 and its two-hundred day simple moving average is $103.06. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 1.50 and a beta of 0.62.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $2.31 EPS. As a group, sell-side analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JMP Securities lifted their price target on Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 15th. StockNews.com cut shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays began coverage on shares of Arch Capital Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price target on the stock. Citigroup lifted their price objective on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their target price on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock 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, the company presently has an average rating of "Moderate Buy" and a consensus 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.