UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 245.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,053,739 shares of the insurance provider's stock after buying an additional 2,168,897 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.81% of Arch Capital Group worth $341,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ACGL. Public Sector Pension Investment Board lifted its position in Arch Capital Group by 2.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 65,256 shares of the insurance provider's stock worth $7,301,000 after acquiring an additional 1,800 shares during the period. National Wealth Management Group LLC raised its stake in shares of Arch Capital Group by 7.9% during the third quarter. National Wealth Management Group LLC now owns 3,174 shares of the insurance provider's stock worth $355,000 after purchasing an additional 233 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Arch Capital Group during the third quarter worth $9,845,000. Blueshift Asset Management LLC acquired a new stake in shares of Arch Capital Group during the third quarter worth $334,000. Finally, Bridgewater Associates LP grew its position in Arch Capital Group by 48.7% in the 3rd quarter. Bridgewater Associates LP now owns 207,919 shares of the insurance provider's stock valued at $23,262,000 after buying an additional 68,072 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Arch Capital Group Price Performance

Shares of NASDAQ:ACGL traded down $0.02 on Friday, hitting $100.72. The company had a trading volume of 797,236 shares, compared to its average volume of 1,686,452. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The company has a market cap 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 Ltd. has a 52-week low of $72.85 and a 52-week high of $116.47. The business has a 50 day moving average of $105.40 and a 200 day moving average of $103.37.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.05. The company 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 period in the prior year, the firm earned $2.31 EPS. As a group, equities analysts anticipate that Arch Capital Group Ltd. will post 8.99 earnings per share for the current fiscal year.

Arch Capital Group Dividend Announcement

The company also recently announced 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 of this dividend is Monday, November 18th.

Wall Street Analysts Forecast Growth

ACGL has been the topic of a number of analyst reports. Barclays initiated coverage on Arch Capital Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $120.00 target price on the stock. Citigroup upped their price objective on 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 reduced their target price on Arch Capital Group from $143.00 to $136.00 and set a "buy" rating for the company in a report on Friday, November 15th. JMP Securities upped their price target on shares of 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. Finally, TD Cowen raised their price objective on shares of Arch Capital Group from $116.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Profile

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.