Royal London Asset Management Ltd. Raises Stock Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Royal London Asset Management Ltd. raised its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,101 shares of the insurance provider's stock after purchasing an additional 19,122 shares during the period. Royal London Asset Management Ltd. owned 0.07% of Arch Capital Group worth $28,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACGL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Arch Capital Group by 245.1% in the 3rd 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 valued at $341,652,000 after buying an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Arch Capital Group in the third quarter valued at $82,748,000. National Pension Service bought a new stake in shares of Arch Capital Group during the 3rd quarter valued at $64,271,000. International Assets Investment Management LLC lifted its holdings in 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 in the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in Arch Capital Group during the 2nd quarter worth about $48,119,000. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.66 on Friday, reaching $97.83. 1,398,260 shares of the company's stock traded hands, compared to its average volume of 1,869,686. The stock has a market cap of $36.81 billion, a PE ratio of 6.57, a P/E/G ratio of 1.57 and a beta of 0.62. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The stock has a 50-day simple moving average of $103.95 and a 200 day simple moving average of $103.36. 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 (NASDAQ:ACGL - Get Free Report) last issued its earnings results 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 company had revenue of $4.72 billion for 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 quarter last year, the company earned $2.31 EPS. As a group, 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 announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACGL shares. Barclays began coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 price target on the stock. Citigroup upped their target price 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. Bank of America cut their price target on shares of Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. upped their price target on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their price objective on 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 MarketBeat, the stock 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.