Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,002,798 shares of the insurance provider's stock after purchasing an additional 10,817 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Arch Capital Group worth $112,193,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ACGL. Capital International Investors lifted its position in Arch Capital Group by 61.1% during the first quarter. Capital International Investors now owns 4,112,577 shares of the insurance provider's stock valued at $380,167,000 after acquiring an additional 1,560,173 shares during the last quarter. National Pension Service acquired a new stake in shares of Arch Capital Group in the 3rd quarter worth $64,271,000. International Assets Investment Management LLC grew its stake 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 buying an additional 548,402 shares during the last quarter. Brandes Investment Partners LP purchased a new position in Arch Capital Group during the 2nd quarter worth $48,119,000. Finally, Natixis Advisors LLC increased its position in Arch Capital Group by 59.1% during the 2nd quarter. Natixis Advisors LLC now owns 1,139,480 shares of the insurance provider's stock valued at $114,962,000 after buying an additional 423,406 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Trading Down 1.1 %

Shares of NASDAQ ACGL traded down $1.08 during trading on Thursday, hitting $100.10. 543,399 shares of the company were exchanged, compared to its average volume of 1,664,791. The company has a fifty day moving average price of $108.45 and a 200-day moving average price of $103.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $37.66 billion, a PE ratio of 6.79, a P/E/G ratio of 1.46 and a beta of 0.61. 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 released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm 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 in the previous year, the company earned $2.31 EPS. As a group, equities research analysts expect that Arch Capital Group Ltd. will post 9 EPS for the current year.

Arch Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on ACGL shares. JPMorgan Chase & Co. boosted their target price on shares of Arch Capital Group from $108.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Roth Mkm lifted their target price on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. BMO Capital Markets raised their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their price objective on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and an average target price of $118.88.

Insider Buying and Selling at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares in the company, valued at approximately $22,723,476.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

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.