Arch Capital Group Ltd. (NASDAQ:ACGL) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,667 shares of the insurance provider's stock after selling 8,327 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Arch Capital Group worth $29,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new stake in shares of Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA grew its holdings in Arch Capital Group by 50.7% in the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Arch Capital Group in the second quarter valued at $35,000. LRI Investments LLC acquired a new position in shares of Arch Capital Group during the 1st quarter worth $38,000. Finally, Versant Capital Management Inc boosted its position in shares of Arch Capital Group by 40.3% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock worth $46,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Royal Bank of Canada reduced their target price on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group raised their price target on Arch Capital Group from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Barclays initiated coverage on Arch Capital Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on Arch Capital Group from $108.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Arch Capital Group has a consensus rating of "Moderate Buy" and a consensus price target of $118.94.

Arch Capital Group Trading Up 1.8 %

Shares of Arch Capital Group stock traded up $1.78 during trading hours 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. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a 1 year low of $72.85 and a 1 year high of $116.47. The firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 1.47 and a beta of 0.61. The firm has a 50 day simple moving average of $108.03 and a two-hundred day simple moving average of $103.31.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company posted $2.31 earnings per share. As a group, equities research analysts anticipate that Arch Capital Group Ltd. will post 9.01 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $5.00 dividend. The ex-dividend date is Monday, November 18th.

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.