Wilmington Savings Fund Society FSB Takes Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 60,932 shares of the insurance provider's stock, valued at approximately $6,817,000.

Several other institutional investors have also made changes to their positions in ACGL. Swedbank AB lifted its holdings in Arch Capital Group by 26.2% in the 2nd quarter. Swedbank AB now owns 342,164 shares of the insurance provider's stock worth $34,521,000 after purchasing an additional 71,072 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $357,000. Baker Tilly Wealth Management LLC lifted its holdings in Arch Capital Group by 7.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,603 shares of the insurance provider's stock worth $263,000 after purchasing an additional 188 shares during the last quarter. Blue Trust Inc. lifted its holdings in Arch Capital Group by 901.1% in the 2nd quarter. Blue Trust Inc. now owns 3,544 shares of the insurance provider's stock worth $328,000 after purchasing an additional 3,190 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new stake in Arch Capital Group in the 2nd quarter worth approximately $205,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACGL. Royal Bank of Canada lowered their price objective on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Arch Capital Group from $118.00 to $109.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Roth Mkm boosted their price objective on Arch Capital Group from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Jefferies Financial Group boosted their price target on Arch Capital Group from $114.00 to $134.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.38.

Arch Capital Group Trading Down 0.2 %

Shares of Arch Capital Group stock traded down $0.17 during trading hours on Friday, hitting $93.75. The company's stock had a trading volume of 731,739 shares, compared to its average volume of 1,679,099. Arch Capital Group Ltd. has a 12 month low of $72.85 and a 12 month high of $116.47. The stock has a 50 day moving average of $102.46 and a 200 day moving average of $103.13. The company has a market capitalization of $35.27 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.58.

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 (EPS) 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 return on equity of 18.94% and a net margin of 33.86%. During the same period in the prior year, the company earned $2.31 earnings per share. Analysts predict that Arch Capital Group Ltd. will post 8.99 earnings per share for the current year.

Arch Capital Group Announces Dividend

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