Wellington Management Group LLP Cuts Holdings in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wellington Management Group LLP lowered its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,853,675 shares of the insurance provider's stock after selling 316,693 shares during the period. Wellington Management Group LLP owned approximately 1.02% of Arch Capital Group worth $431,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arch Capital Group by 245.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,053,739 shares of the insurance provider's stock worth $341,652,000 after purchasing an additional 2,168,897 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Arch Capital Group in the 3rd quarter worth about $82,748,000. National Pension Service bought a new stake in Arch Capital Group in the 3rd quarter worth about $64,271,000. International Assets Investment Management LLC raised its position in Arch Capital Group by 18,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 551,345 shares of the insurance provider's stock worth $616,840,000 after buying an additional 548,402 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new position in Arch Capital Group during the 2nd quarter valued at about $48,119,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ACGL shares. Barclays assumed coverage on shares of Arch Capital Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $120.00 price target for the company. Citigroup lifted their target price on shares of Arch Capital Group from $105.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Royal Bank of Canada lowered their price target on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Roth Mkm lifted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, BMO Capital Markets increased their target price on Arch Capital Group from $98.00 to $104.00 and gave the company a "market perform" rating in a report on Wednesday, November 6th. Six equities 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 presently has a consensus rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Price Performance

Shares of ACGL traded down $0.66 during mid-day trading on Friday, reaching $97.83. The stock had a trading volume of 1,398,260 shares, compared to its average volume of 1,869,686. The business has a fifty day moving average of $103.95 and a 200 day moving average of $103.37. 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 firm has a market cap of $36.81 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 1.57 and a beta of 0.62. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $2.31 EPS. Equities analysts predict that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Dividend Announcement

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