Wedge Capital Management L L P NC Purchases 5,417 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Wedge Capital Management L L P NC raised its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,909 shares of the insurance provider's stock after buying an additional 5,417 shares during the quarter. Wedge Capital Management L L P NC's holdings in Arch Capital Group were worth $11,166,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Arch Capital Group by 5.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,229 shares of the insurance provider's stock valued at $12,444,000 after purchasing an additional 5,614 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Arch Capital Group by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,721 shares of the insurance provider's stock worth $8,024,000 after acquiring an additional 6,521 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of Arch Capital Group by 172.2% during the third quarter. Banque Cantonale Vaudoise now owns 55,423 shares of the insurance provider's stock worth $6,201,000 after acquiring an additional 35,060 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Arch Capital Group by 26.6% in the third quarter. Metis Global Partners LLC now owns 25,465 shares of the insurance provider's stock valued at $2,849,000 after purchasing an additional 5,345 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Arch Capital Group by 6.8% in the 3rd quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider's stock worth $330,000 after acquiring an additional 187 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ACGL shares. Royal Bank of Canada reduced their target price on shares of Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Keefe, Bruyette & Woods decreased their price objective on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, January 10th. BMO Capital Markets increased their target price 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. JMP Securities boosted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 15th. Finally, Barclays reduced their price objective on shares of Arch Capital Group from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Arch Capital Group Price Performance

NASDAQ ACGL traded down $0.59 during trading hours on Friday, reaching $95.51. 4,619,679 shares of the stock traded hands, compared to its average volume of 1,566,731. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a 50 day simple moving average of $95.15 and a two-hundred day simple moving average of $101.58. Arch Capital Group Ltd. has a 1 year low of $77.53 and a 1 year high of $116.47. The company has a market cap of $35.93 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly 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. The business had revenue of $4.72 billion during 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 business posted $2.31 earnings per share. On average, analysts predict that Arch Capital Group Ltd. will post 8.85 EPS for the current fiscal year.

Arch Capital Group Announces Dividend

The business also recently declared 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 was Monday, November 18th.

Arch Capital Group Company 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.