Swedbank AB Grows Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Swedbank AB lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 268.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,957 shares of the insurance provider's stock after purchasing an additional 919,793 shares during the period. Swedbank AB owned about 0.34% of Arch Capital Group worth $116,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Arch Capital Group by 12.8% during the third quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider's stock valued at $100,000 after purchasing an additional 101 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in Arch Capital Group by 2.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,779 shares of the insurance provider's stock valued at $415,000 after buying an additional 103 shares during the period. KG&L Capital Management LLC grew its stake in Arch Capital Group by 1.1% in the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider's stock valued at $1,214,000 after purchasing an additional 115 shares in the last quarter. Marks Group Wealth Management Inc increased its holdings in Arch Capital Group by 4.2% in the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider's stock worth $323,000 after buying an additional 115 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Arch Capital Group by 1.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider's stock valued at $993,000 after purchasing an additional 116 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Arch Capital Group stock traded up $0.76 during midday trading on Thursday, reaching $94.58. 1,496,647 shares of the company traded hands, compared to its average volume of 1,946,392. The business has a 50 day moving average of $94.39 and a two-hundred day moving average of $101.37. The firm has a market capitalization of $35.58 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. Arch Capital Group Ltd. has a 12 month low of $80.97 and a 12 month high of $116.47. 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 announced its earnings results 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. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the prior year, the company earned $2.31 EPS. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.86 earnings per share for the current year.

Arch Capital Group Announces Dividend

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

Analysts Set New Price Targets

ACGL has been the subject of several recent analyst reports. Evercore ISI upped their price objective on shares of Arch Capital Group from $104.00 to $107.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Arch Capital Group from $109.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their target price on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. StockNews.com lowered shares of Arch Capital Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Arch Capital Group from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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.