Thrivent Financial for Lutherans Decreases Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Thrivent Financial for Lutherans lessened its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,778,008 shares of the insurance provider's stock after selling 104,379 shares during the quarter. Thrivent Financial for Lutherans owned about 0.47% of Arch Capital Group worth $198,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in Arch Capital Group by 2.6% during the second quarter. Sequoia Financial Advisors LLC now owns 20,871 shares of the insurance provider's stock worth $2,106,000 after buying an additional 519 shares in the last quarter. Cetera Advisors LLC lifted its position in Arch Capital Group by 70.9% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the insurance provider's stock worth $1,266,000 after buying an additional 5,684 shares in the last quarter. Swedbank AB purchased a new position in Arch Capital Group during the first quarter worth approximately $25,060,000. Price T Rowe Associates Inc. MD lifted its position in Arch Capital Group by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,052,549 shares of the insurance provider's stock worth $97,299,000 after buying an additional 7,109 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Arch Capital Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,858,890 shares of the insurance provider's stock worth $3,776,996,000 after buying an additional 104,008 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ACGL shares. TD Cowen lifted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. 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 for the company. JMP Securities raised their target price on Arch Capital Group from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 15th. Citigroup raised their target price on Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets raised their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Arch Capital Group currently has an average rating of "Moderate Buy" and a consensus price target of $118.94.

Arch Capital Group Trading Up 1.8 %

Shares of NASDAQ ACGL traded up $1.78 during trading on Friday, reaching $101.83. The stock had a trading volume of 2,727,138 shares, compared to its average volume of 2,144,112. Arch Capital Group Ltd. has a fifty-two week low of $72.85 and a fifty-two week high of $116.47. The company has a market cap of $38.31 billion, a P/E ratio of 6.83, a PEG ratio of 1.47 and a beta of 0.61. 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 business's 50-day moving average price is $108.03 and its 200-day moving average price is $103.36.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $2.31 EPS. On average, equities research analysts predict that Arch Capital Group Ltd. will post 9.01 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid 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.