Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lowered its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 51.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,944 shares of the insurance provider's stock after selling 10,585 shares during the quarter. Wright Investors Service Inc.'s holdings in Arch Capital Group were worth $918,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Arch Capital Group during the 3rd quarter worth approximately $25,000. Compagnie Lombard Odier SCmA acquired a new position in Arch Capital Group during the third quarter worth $46,000. UMB Bank n.a. raised its position in Arch Capital Group by 41.9% during the third quarter. UMB Bank n.a. now owns 427 shares of the insurance provider's stock worth $48,000 after acquiring an additional 126 shares during the period. Asset Dedication LLC lifted its holdings in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 284 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Arch Capital Group in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Up 1.3 %

Shares of ACGL traded up $1.16 during midday trading on Tuesday, hitting $91.99. 2,493,664 shares of the stock were exchanged, compared to its average volume of 1,898,758. Arch Capital Group Ltd. has a 52-week low of $77.53 and a 52-week high of $116.47. 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 stock has a fifty day simple moving average of $95.60 and a 200 day simple moving average of $101.73. The firm has a market cap of $34.61 billion, a P/E ratio of 6.17, a P/E/G ratio of 1.49 and a beta of 0.64.

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 for the quarter, beating 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 previous year, the company posted $2.31 EPS. On average, research analysts anticipate that Arch Capital Group Ltd. will post 8.99 EPS for the current fiscal year.

Arch Capital Group Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on ACGL shares. 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 report on Tuesday, October 15th. Evercore ISI increased their target price on Arch Capital Group from $104.00 to $107.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Wells Fargo & Company decreased their target price on Arch Capital Group from $109.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods dropped their price target on Arch Capital Group from $121.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday. Finally, StockNews.com downgraded Arch Capital Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.