Arch Capital Group Ltd. to Issue Special Dividend of $5.00 (NASDAQ:ACGL)

Arch Capital Group Ltd. (NASDAQ:ACGL) declared a special dividend on Thursday, November 7th,RTT News reports. Investors of record on Monday, November 18th will be paid a dividend of 5.00 per share by the insurance provider on Wednesday, December 4th.

Arch Capital Group Stock Down 1.9 %

NASDAQ ACGL traded down $1.90 during midday trading on Thursday, hitting $99.80. 2,030,233 shares of the company traded hands, compared to its average volume of 1,662,964. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.58 and a quick ratio of 0.60. The company has a market cap of $37.53 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. The company’s 50-day simple moving average is $109.67 and its 200-day simple moving average is $102.91. Arch Capital Group has a 52 week low of $72.85 and a 52 week high of $116.47.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.94 by $0.05. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $2.31 EPS. As a group, equities research analysts forecast that Arch Capital Group will post 9.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Francois Morin sold 11,460 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.46, for a total value of $1,174,191.60. Following the completion of the sale, the chief financial officer now owns 221,779 shares in the company, valued at $22,723,476.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ACGL shares. Keefe, Bruyette & Woods raised their target price on Arch Capital Group from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Jefferies Financial Group raised their target price on Arch Capital Group from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. JMP Securities lifted their price objective on Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. TD Cowen lifted their price objective on Arch Capital Group from $116.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, BMO Capital Markets boosted their target price on Arch Capital Group from $98.00 to $104.00 and gave the stock a “market perform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.88.

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.