Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,076 shares of the insurance provider's stock after purchasing an additional 38,353 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of Arch Capital Group worth $34,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Arch Capital Group by 245.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after buying an additional 2,168,897 shares during the last quarter. National Pension Service bought a new stake in shares of Arch Capital Group in the 3rd quarter worth about $64,271,000. International Assets Investment Management LLC boosted its stake in shares of Arch Capital Group by 18,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock worth $616,840,000 after purchasing an additional 548,402 shares during the period. Brandes Investment Partners LP bought a new position in Arch Capital Group during the 2nd quarter valued at about $48,119,000. Finally, Natixis Advisors LLC raised its position in Arch Capital Group by 59.1% in the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider's stock worth $114,962,000 after purchasing an additional 423,406 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price on the stock. 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. Evercore ISI boosted their target price on shares of Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. StockNews.com downgraded shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.38.

Arch Capital Group Stock Down 0.0 %

ACGL traded down $0.02 during trading on Friday, hitting $100.72. The stock had a trading volume of 797,236 shares, compared to its average volume of 2,154,699. The stock has a 50 day simple moving average of $105.40 and a two-hundred day simple moving average of $103.41. 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 Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The company has a market capitalization of $37.89 billion, a PE ratio of 6.76, a PEG ratio of 1.60 and a beta of 0.61.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. The firm had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the firm earned $2.31 EPS. On average, research analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $5.00 per share. The ex-dividend date is Monday, November 18th.

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.